Bitcoin ETF

<h4><strong>Despite this, several indicators now suggest that the cryptocurrency may have bottomed out, with the potential for a rebound in its price trajectory. </strong></h4> 
<p>Here are five key bullish signals that point towards a possible resurgence in Bitcoin’s market performance.</p> 
<p><strong>1) Bullish Divergence:</strong> Despite recent declines, Bitcoin has shown a bullish divergence with the Relative Strength Index (RSI) trending upwards. This <a href="https://cointelegraph.com/news/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal" target="_blank" rel="noopener">divergence</a> suggests that while prices have fallen, selling pressure may be weakening, hinting at a possible reversal or slowdown in the downtrend.</p> 
<p><img decoding="async" class="wp-image-144948 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfdghfghgjhjhk-300x158.png" alt="" width="593" height="312" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfdghfghgjhjhk-300x158.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfdghfghgjhjhk.png 686w" sizes="(max-width: 593px) 100vw, 593px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://cointelegraph.com/news/5-bullish-arguments-bitcoin-price-bottomed-53k" target="_blank" rel="noopener">Cointelegraph</a></strong></h6> 
<p>This could pave the way for a rebound as market sentiment shifts back towards bullishness.</p> 
<p><strong>2) Technical Indicators:</strong> On July 5th, Bitcoin formed a bullish hammer candlestick pattern, a classic indicator of potential price reversal.</p> 
<p>Additionally, the daily RSI is hovering near oversold levels, typically preceding a period of consolidation or recovery. Analysts interpret these signals as potential signs that BTC could revisit previous highs above $70,000.</p> 
<p><img decoding="async" class="wp-image-144951 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vxgdfhjukyui-300x268.jpg" alt="" width="478" height="427" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vxgdfhjukyui-300x268.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vxgdfhjukyui.jpg 388w" sizes="(max-width: 478px) 100vw, 478px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/JacobCanfield/status/1809684515658637380" target="_blank" rel="noopener">X</a></strong></h6> 
<p><strong>3) Interest Rate Expectations:</strong> Traders on Wall Street are increasingly anticipating a September rate cut by the Federal Reserve, with probabilities rising to 72% as of July 7.</p> 
<p>Lower interest rates typically favor riskier assets like Bitcoin, as they reduce the attractiveness of traditional safe-haven investments such as US Treasury bonds.</p> 
<p><img decoding="async" class="wp-image-144955 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vxcfhghjujkjhjh-300x152.png" alt="" width="509" height="258" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vxcfhghjujkjhjh-300x152.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vxcfhghjujkjhjh.png 681w" sizes="(max-width: 509px) 100vw, 509px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" target="_blank" rel="noopener">CME Group</a></strong></h6> 
<p><strong>4) Bitcoin ETF Activity:</strong> US-based <a href="https://www.altcoinbuzz.io/?s=bitcoin+etf" target="_blank" rel="noopener">Bitcoin ETFs</a> have seen renewed investor interest following weak unemployment data on July 5.</p> 
<p>These funds collectively attracted $143.10 million worth of BTC inflows, indicating growing risk appetite among institutional investors. Notably, the Fidelity Wise Origin Bitcoin Fund led with $117 million in inflows.</p> 
<p><img decoding="async" class="wp-image-144958 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xvcfdghgfjukuky-254x300.jpg" alt="" width="447" height="528" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xvcfdghgfjukuky-254x300.jpg 254w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xvcfdghgfjukuky-355x420.jpg 355w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xvcfdghgfjukuky.jpg 478w" sizes="(max-width: 447px) 100vw, 447px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://farside.co.uk/?p=997" target="_blank" rel="noopener">Farside</a></strong></h6> 
<p><strong>5) US Money Supply Expansion:</strong> The recent uptick in the US M2 money supply, which measures cash, checking deposits, and near-money, suggests increased liquidity in the economy.</p> 
<p>This liquidity often translates into higher investments in riskier assets like Bitcoin, as investors seek higher returns amidst lower yields from traditional savings and bonds.</p> 
<p><img decoding="async" class="wp-image-144962 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/GR4LCLKawAAhv4s-1-229x300.jpg" alt="" width="443" height="580" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/GR4LCLKawAAhv4s-1-229x300.jpg 229w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/GR4LCLKawAAhv4s-1-782x1024.jpg 782w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/GR4LCLKawAAhv4s-1-768x1005.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/GR4LCLKawAAhv4s-1-1173x1536.jpg 1173w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/GR4LCLKawAAhv4s-1-321x420.jpg 321w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/GR4LCLKawAAhv4s-1-696x911.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/GR4LCLKawAAhv4s-1-1068x1398.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/GR4LCLKawAAhv4s-1.jpg 1284w" sizes="(max-width: 443px) 100vw, 443px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/QuintenFrancois/status/1809896237337808934" target="_blank" rel="noopener">X</a></strong></h6> 
<h5><strong>Conclusion</strong></h5> 
<p>These five bullish arguments collectively suggest that Bitcoin may have hit a bottom around the $53,000 mark and could potentially see a rebound in the near term. While market volatility remains a factor, particularly amid regulatory developments and global economic trends, the current indicators point towards a possible strengthening of Bitcoin’s position in the broader financial landscape.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-large wp-image-123701" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg" sizes="(max-width: 696px) 100vw, 696px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg 1197w" alt="" width="696" height="86"></a></p> 
<div class="youtube-embed" data-video_id="ee68pRZMwyE">
 <iframe title="QUITTING CRYPTO!!!!" width="696" height="392" src="https://www.youtube.com/embed/ee68pRZMwyE?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/bitcoins-potential-rebound-5-bullish-signals/">Bitcoin’s Potential Rebound: 5 Bullish Signals</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Bitcoin’s Potential Rebound: 5 Bullish Signals

Altcoin Buzz

Andra artiklar publicerade 8 juli 2024

Breaking: German Govt Moves 1000 Bitcoin To Coinbase & Other Addresses

Notcoin Gains 55% in 24 Hours

BlockDAG’s X1 Miner App Leads 2024 Altcoin Craze with $56.6M Presale Success, Trumps Chainlink an...

Oil King Pepe (OILPEPE) Buyer Makes Huge 6,500% Profit, But Holds For Another 20,000% Rally

German Lawmaker Advocates Bitcoin, Criticizes ECB’s Digital Euro Plans

Top Trending Crypto Coins on DEXTools – SpaceChainV2, 2G Carbon Coin, My Neighbor Alice

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!