Analysis: Bitcoin needs to hold the current support range to maintain the upward trend, and may climb to $140,000 by the end of this summer

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PANews
06-18
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PANews reported on June 18 that according to Matrixport's analysis, global liquidity changes have repeatedly reflected Bitcoin's trend in advance over the past 18 months, and have been viewed as an important "leading indicator". However, as the market structure evolves, the predictive power of this model is weakening and requires continuous verification and dynamic adjustment.

Currently, Bitcoin's price is oscillating in the range of $105,000 to $110,000, which is basically consistent with the 13-week lag rhythm suggested by the model. If the correlation remains effective, Bitcoin needs to maintain its current support interval to maintain the upward expectation and may further rise to $140,000 by the end of this summer.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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