Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Solana – Shorts are piling up above $ 170 – Can Sol Bulls force a pinch?

2025-05-18

Data tips on chains Bitcoin to peak at $ 120,000

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17

    A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

    2025-05-17
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Are the days of Bitcoin bears numbered? Analysts cite major catalysts for BTC bulls
Bitcoin

Are the days of Bitcoin bears numbered? Analysts cite major catalysts for BTC bulls

2024-07-11No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • BTC has remained below $60,000 for more than a week.
  • Glassnode’s founders suggested that US CPI data could determine the next direction.

Bitcoin [BTC] has remained below $60,000 for a week and was down 7% in the third quarter at the time of writing. The downward pressure comes mainly from the government and the Mount Gox sell-off, which provided leverage in the bear market.

However, per a market observerBitcoin bears’ days could be numbered as the German government’s main selling pressure could soon subside.

“Bears, you better hope that a very high percentage of Gox sellers will join you soon or your days now seem numbered.”

Bullish Catalysts for Bitcoin

The pseudonymous analyst cited several bullish catalysts for BTC, including rising global liquidity and the possible absorption of the German government’s remaining BTC shares by next week.

‘The German government is new < 3 weken geleden begonnen met de verkoop van ~$3 miljard aan $BTC, > 50% already sold + probably within a week or so at the current rate.”

According to Arkham Intelligence factsOn Thursday, the German government sent more than $60 million worth of BTC to centralized exchanges, bringing their BTC balance to 13.1K coins, or about $767 million.

Bitcoin could also benefit from the FTX payout, which is estimated to be around $16 billion and will be paid in cash at the end of Q3 2024. According to the analyst, this could add more liquidity for BTC and the overall market.

Another analyst, Miles Deutscher, supported the above view, including a Trump victory, summarizing the catalysts as a ‘huge opportunity’ for long setups.

See also  Bitcoin Futures is increasing $ 1.2 billion post -fomc, but retail spending is falling 50% - This is why

Another market observer, MartyPartyquestioned Trump’s profit impact given the recent push on the CFTC (Commodities Futures Trading Commission) to oversee spot BTC markets.

“If the CFTC gets this expansion of authority, it would mean that they will likely require every Bitcoin company to register with the federal government and have stricter KYC/AML requirements. This will not only impact the stock exchanges, but every company that touches Bitcoin.”

What’s next for the Bitcoin price?

BitcoinBitcoin

Source: BTC/USDT, TradingView

In the meantime, BTC flirted with the 200-day SMA (Simple Moving Average) but had yet to convert into support. The weak market structure was further confirmed by below-average figures for the RSI (Relative Strength Index) and CMF (Chaikin Money Flow).

However, BTC’s next price direction could be determined after the June US CPI (Consumer Price Index) data, scheduled for July 11.

A slower inflation print could confirm the deflationary trend and prompt the Fed to consider rate cuts and possibly prompt BTC to adopt the 200-day SMA.

But higher-than-expected inflation could give the bears more leverage to send BTC lower. Interesting enough, Founders of Glassnodereiterated the above position and opined that the CPI data would likely determine the next direction for the BTC price.

Next: Stacks: STX is on the bullseye at $1.8 and the main challenge is looming

Source link

Analysts Bears Bitcoin BTC Bulls Catalysts cite Days Major numbered
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Solana – Shorts are piling up above $ 170 – Can Sol Bulls force a pinch?

2025-05-18

Data tips on chains Bitcoin to peak at $ 120,000

2025-05-18

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Trump Meme Coin is confronted with political recoil – is there a crash?

2025-03-24

Dogecoin price drop looms, analyst points to only one lifeline

2024-12-13

Altcoins are ready for their big run, according to crypto analyst Michaël van de Poppe – here’s the timeline

2024-06-07
Editors Picks

Do you want to steal Polygon’s Blockchain technology without consequences? Now you can!

2023-08-31

Damn, Solana is in tears! Here’s what could stop it…

2023-12-11

Here’s Why Bitcoin Might Be Gearing Up for a 200% Rise

2024-07-02

Bitcoin: How THIS Historical Pattern Can Push BTC to $220,000

2024-12-20

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

Solana – Shorts are piling up above $ 170 – Can Sol Bulls force a pinch?

Data tips on chains Bitcoin to peak at $ 120,000

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,673.021.32%
  • ethereumEthereum(ETH)$2,404.63-3.24%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.380.67%
  • binancecoinBNB(BNB)$642.15-0.10%
  • solanaSolana(SOL)$166.71-0.40%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2229642.97%
  • cardanoCardano(ADA)$0.74-0.68%
  • tronTRON(TRX)$0.262204-3.38%
  • suiSui(SUI)$3.790.20%
  • chainlinkChainlink(LINK)$15.35-0.51%
  • avalanche-2Avalanche(AVAX)$22.22-0.51%
  • stellarStellar(XLM)$0.286319-0.54%
  • hyperliquidHyperliquid(HYPE)$26.320.02%
  • shiba-inuShiba Inu(SHIB)$0.0000151.59%
  • hedera-hashgraphHedera(HBAR)$0.1930670.32%
  • unus-sed-leoUNUS SED LEO(LEO)$8.72-2.47%
  • bitcoin-cashBitcoin Cash(BCH)$397.710.50%
  • the-open-networkToncoin(TON)$3.07-0.59%
  • litecoinLitecoin(LTC)$98.621.82%
  • polkadotPolkadot(DOT)$4.61-0.59%
  • moneroMonero(XMR)$340.070.57%
  • bitget-tokenBitget Token(BGB)$5.163.70%
  • pepePepe(PEPE)$0.0000135.98%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.744.30%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$5.831.13%
  • bittensorBittensor(TAO)$412.17-2.31%
  • aaveAave(AAVE)$221.70-0.68%
  • nearNEAR Protocol(NEAR)$2.741.23%
  • aptosAptos(APT)$5.02-1.04%
  • okbOKB(OKB)$52.68-1.10%
  • ondo-financeOndo(ONDO)$0.92-0.16%
  • kaspaKaspa(KAS)$0.109415-0.26%
  • ethereum-classicEthereum Classic(ETC)$18.08-0.57%
  • internet-computerInternet Computer(ICP)$5.14-0.67%
  • gatechain-tokenGateToken(GT)$21.52-0.58%
  • crypto-com-chainCronos(CRO)$0.097106-0.94%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.800.12%
  • mantleMantle(MNT)$0.731.04%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2347160.75%
  • vechainVeChain(VET)$0.0279870.30%
  • render-tokenRender(RENDER)$4.52-1.08%
  • ethenaEthena(ENA)$0.3703293.98%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • algorandAlgorand(ALGO)$0.2203591.47%
  • filecoinFilecoin(FIL)$2.810.31%
  • cosmosCosmos(ATOM)$4.780.92%
  • bitcoinBitcoin(BTC)$104,673.021.32%
  • ethereumEthereum(ETH)$2,404.63-3.24%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.380.67%
  • binancecoinBNB(BNB)$642.15-0.10%
  • solanaSolana(SOL)$166.71-0.40%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2229642.97%
  • cardanoCardano(ADA)$0.74-0.68%
  • tronTRON(TRX)$0.262204-3.38%
  • suiSui(SUI)$3.790.20%
  • chainlinkChainlink(LINK)$15.35-0.51%
  • avalanche-2Avalanche(AVAX)$22.22-0.51%
  • stellarStellar(XLM)$0.286319-0.54%
  • hyperliquidHyperliquid(HYPE)$26.320.02%
  • shiba-inuShiba Inu(SHIB)$0.0000151.59%
  • hedera-hashgraphHedera(HBAR)$0.1930670.32%
  • unus-sed-leoUNUS SED LEO(LEO)$8.72-2.47%
  • bitcoin-cashBitcoin Cash(BCH)$397.710.50%
  • the-open-networkToncoin(TON)$3.07-0.59%
  • litecoinLitecoin(LTC)$98.621.82%
  • polkadotPolkadot(DOT)$4.61-0.59%
  • moneroMonero(XMR)$340.070.57%
  • bitget-tokenBitget Token(BGB)$5.163.70%
  • pepePepe(PEPE)$0.0000135.98%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.744.30%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$5.831.13%
  • bittensorBittensor(TAO)$412.17-2.31%
  • aaveAave(AAVE)$221.70-0.68%
  • nearNEAR Protocol(NEAR)$2.741.23%
  • aptosAptos(APT)$5.02-1.04%
  • okbOKB(OKB)$52.68-1.10%
  • ondo-financeOndo(ONDO)$0.92-0.16%
  • kaspaKaspa(KAS)$0.109415-0.26%
  • ethereum-classicEthereum Classic(ETC)$18.08-0.57%
  • internet-computerInternet Computer(ICP)$5.14-0.67%
  • gatechain-tokenGateToken(GT)$21.52-0.58%
  • crypto-com-chainCronos(CRO)$0.097106-0.94%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.800.12%
  • mantleMantle(MNT)$0.731.04%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2347160.75%
  • vechainVeChain(VET)$0.0279870.30%
  • render-tokenRender(RENDER)$4.52-1.08%
  • ethenaEthena(ENA)$0.3703293.98%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • algorandAlgorand(ALGO)$0.2203591.47%
  • filecoinFilecoin(FIL)$2.810.31%
  • cosmosCosmos(ATOM)$4.780.92%