Bitcoin / TetherUSShort
Bitcoin Analysis H4 30/08/2024
- Investor Activity: Investors have withdrawn over 22,000 BTC, reducing the balance on exchanges to below three million BTC. While long-term investors continue to buy, the accumulation may have peaked. The outflow from spot Bitcoin ETFs has slowed to $58.3 million. Persistent accumulation with retail investors staying on the sidelines and the absence of catalysts could limit Bitcoin's price in the short term.
- BTCUSD Price Action: BTCUSD traded briefly above the $60,000 level but couldn't sustain the gains, closing below this level. The price remains below both EMAs, moving sideways within the $57,500-$60,000 range. If BTCUSD continues to decline, the price could retest the lower range at $57,500. Conversely, closing above $60,000 and both EMAs might suggest a potential retest of $62,500.
- BTCUSD Price Action: BTCUSD traded briefly above the $60,000 level but couldn't sustain the gains, closing below this level. The price remains below both EMAs, moving sideways within the $57,500-$60,000 range. If BTCUSD continues to decline, the price could retest the lower range at $57,500. Conversely, closing above $60,000 and both EMAs might suggest a potential retest of $62,500.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.