US dollar liquidity drain out due to T-bills will primarily impact stock markets more than the crypto market. Popular analyst Credible Crypto predicts if Bitcoin reclaims $27.5k, we are continuing on the path to new all-time highs.Īlso Read: Crypto Market Defies US SEC Bitcoin, Ethereum, And Coinbase (COIN) Rally Bitcoin and Ethereum Price Prediction for the Weekīitcoin and Ethereum prices will remain under pressure as the US Treasury Dept is expected to issue $1 trillion in treasury bills by the end of the third quarter. Whales have already started to buy the dip after the Binance and Coinbase lawsuits. Top 10 Web3 Games To Explore In 2023 Here List Must Read Bitcoin Price in Daily Timeframe ![]() ![]() However, BTC price is unlikely to cross $30,000 before August. Until then, the price action will mostly depend on market activities and macro factors. Bitcoin is expected to also bounce from daily 200EMA. In the daily timeframe, BTC price retests the bottom of the cloud. Bullish action will start as the price approaches the apex of the triangle, which is expected in July or early August. It indicates BTC price to have mostly sideways movement in the coming weeks. Moreover, the diagonal resistance and horizon support are forming a triangle and the BTC price moves closer to the apex for a bullish breakout. In the weekly timeframe, Bitcoin price is bouncing from the weekly 200-EMA. ![]() Bitcoin is set to have bullish summer despite the Coinbase and Binance lawsuits, looming CPI, PPI, and US Fed Interest Rate Decision next week, and US Treasury issuing T-bills. Traders expect Bitcoin (BTC) and Ethereum (ETH) prices to continue sideways movement for at least a week.
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