Spot

<p>Jackis, a top crypto analyst, recently intriguing insights into the current state of Bitcoin and Ethereum. His observation, shared via a detailed post on the X platform, shed light on the distinct market behaviours of these leading crypto assets. His analysis points to a notable absence of buyers, setting this period apart from previous sell-offs.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Very interesting chart here for both <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> &amp; <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a> and the conclusions to draw from them<br><br>1) The buyers are absolutely missing for both unlike in prior major sell-offs being even below average<br><br>2) The main problem with that is that <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> now printed &amp; LL on the Weekly TF,… <a href="https://t.co/fKOPHblFML" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/fKOPHblFML</a></p>— JACKIS (@i_am_jackis) <a href="https://twitter.com/i_am_jackis/status/1810633539848679565?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 9, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="strong-bitcoin-btc-and-ethereum-eth-price-analysis-strong"><strong>Bitcoin (BTC)and Ethereum (ETH) Price Analysis</strong></h2>
<p>Jackis emphasized that Bitcoin has printed a lower low on the weekly timeframe. This lower low, appearing within an impulsive leg higher from $39,000, marks a shift.&nbsp;</p>
<p>He noted that Ethereum, while relatively stronger than Bitcoin, has not yet confirmed a lower low on the weekly timeframe. This strength is not so much due to a bullish trend but rather Ethereum’s resistance to further decline.</p>
<h2 class="wp-block-heading" id="strong-potential-impact-of-a-spot-etf-and-the-macro-trend-strong"><strong>Potential Impact of a Spot ETF and the Macro Trend</strong></h2>
<p>The possibility of a Spot ETF could change the current dynamics, according to Jackis. He believes that a break above $4,000 for Ethereum might be crucial.&nbsp;</p>
<p>Despite the bearish control in the medium-term timeframe, Jackis maintains a bullish outlook on the macro timeframe. This suggests a potential recovery once the market stabilizes.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/crypto-trader-posts-viral-17-ripple-xrp-price-prediction/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Crypto Trader Posts Viral $17 Ripple (XRP) Price Prediction</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-forced-sellers-and-future-prospects-strong"><strong>Forced Sellers and Future Prospects</strong></h2>
<p>Jackis pointed out that forced sellers, including miners, the German government, and Mt. Gox, will eventually run out. As Bitcoin exchanges hands, the macro trend is expected to resume. This transition could pave the way for a more stable and bullish market environment.</p>
<p>Jackis’s analysis provides a nuanced understanding of the current market trends for Bitcoin and Ethereum. The absence of buyers, the crucial lower lows, and the potential influence of a Spot ETF all contribute to a complex market scenario. However, the eventual exhaustion of forced sellers offers a glimmer of hope for a bullish resurgence in the macro timeframe.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-and-ethereum-price-analysis-btcs-lack-of-buyers-and-eth-spot-etf-potential-whats-next/" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Price Analysis: BTC’s Lack of Buyers and ETH Spot ETF Potential – What’s Next?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin and Ethereum Price Analysis: BTC’s Lack of Buyers and ETH Spot ETF Potential – What’s Next?

Inhaltsverzeichnis

CaptainAltcoin

Weitere Artikel, die am 9. Juli 2024 veröffentlicht wurden

FED President Jerome Powell Speaks! Bitcoin Reacted! Here are the Highlights!

Shiba Inu (SHIB) Skyrockets 439.9% in Major Metric: Details

How institutional players making profits on current dip, which indicators and altcoins to watch

Terraform Labs Announces Strategic Sale Amid Chapter 11 Case

Football Takeover? Solana-Based Token Skyrockets 350% Following Messi and Ronaldinho’s Promotion

Bloomberg Analyst Predicts July 18th Launch for Ethereum ETFs

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!