3 Factors Will Push Bitcoin to Break Above $45,000 in June

Bitcoin surged as high as $39,800 after Elon Musk said Tesla would resume transactions with the cryptocurrency when mining is done with more clean energy. At the press of time, Bitcoin pulled back and is consolidating at around $39,000 mark.

1d.png

 

Software company MicroStrategy, whose CEO Michael Saylor has become a vocal Bitcoin evangelist, last week boosted a junk-bond offering for the purposes of buying BTC to $500 million. To be concrete, there will be 14,000 BTC will be bought tonight.

 

SSR indicator, defining as the ratio between the supply of BTC and that of stablecoins, hits the historical low, which means the current stablecoin supply has greater purchasing power to buy more BTC.

Now the Crypto Fear & Greed Index values 28 which also shows that the sentiment of the market is still in Fear. Retail investors are selling during this time, however, institutional investors are buying the dips.

2d.png


 

Bitcoin Technical Analysis

From the 4H chart, moving average shows a bullish signal, BTC price breaks above and finds support at MA5. MACD forms a golden cross and the histogram is also positive. However, the RSI slightly pulls back, indicating a correction may occur.

3d.png

 

From the 1D chart, BTC is trying to jump above Bollinger band’s upper band, which is also a strong resistance in May. If BTC hits $40,500, it will test the support level ($48,000) in past 3 months. Both MACD and the Stochastic indicators signal a bullish run.

4d.png

 

 

Disclaimer

The material herein is provided for informational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell cryptocurrencies or derivatives. The material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations concerning the manner in which any client's account should or would be handled, as appropriate investment strategies depend upon the client's investment objectives.

 



Demo

もっと練習したいですか? ギフトでデモをお試しください

5000 USDT
連絡します
twitter Telegram

Technical support: [email protected]

リスクメッセージ 同社はお客様に提供する金融商品に対して、差引契約(CFD)やその他の複雑な金融商品を含みます。差引契約は高いリスクを持っています。レバレッジはお客様の資金状況に積極的かつ消極的な影響を与えるかもしれません。差額契約の取引はすべての投資家に適していません。投資資本の完全な損失を招く可能性があります。投資しないでください。耐えられる範囲を超えてください。複雑な金融商品の取引を始める前に、すべてのリスクについて必ず読んでください。

© 2019 Bex500. All rights reserved.

ログイン
Google検証

パスワードを忘れますか? Googleの確認を取り戻す

まだアカウントがありませんか?即時登録
パスワードを取得
60秒後に再取得します
取得
アカウントを登録する
60秒後に再取得します
取得
サービス条項プライバシーポリシー
アカウントがありますか?すぐに登録します