2018-6-11 17:10 |
Fundstrat’s Robert Sluymer predicts upcoming price breakout for Bitcoin “literally in the next couple of days”
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Bitcoin retreated amid clashes in the Strait of Hormuz and rising oil prices. Analysts argue that a limited appetite for full‑scale escalation caps downside risk. Bulls aim for a rebound toward $82,000, but bears could target a breakdown below $78,000.
Key takeaways Bitcoin briefly topped the $81,000 mark on Tuesday, the highest level in three months. Crypto sentiment improves, with inflows into US-listed spot ETFs totaling $154 million last week.
Bitcoin dropped to lows of $74,958 before stabilizing above $75,000. The decline also coincided with tighter liquidity in traditional equity markets. Crypto stocks fell sharply as short‑term volatility hit risk assets.
TL;DR BTC briefly touched the $79k level during the late hours of Sunday. US-listed spot BTC ETFs recorded inflows of over $820 million last week, marking the fourth straight week of positive flows.
Key takeaways Bitcoin price rallies higher, trading above $78,000 on Wednesday after surging nearly 6% so far this week. US-listed spot ETF recorded a mild inflow of $11. 84 million on Tuesday amid uncertainty over US-Iran peace talks.
Key takeaways BTC eases back from 76k, a monthly high. Technical indicators suggest further correction in the near term. Bitcoin has dropped below $74,000 after pulling back from a monthly high earlier this week.
Key takeaways BTC is approaching $75,000 after adding nearly 5% to its value since Monday. The rally comes despite the ongoing crisis in the Middle East. Bitcoin (BTC) has stabilized above $74,000 as of Tuesday’s press time, following a 5% rally the previous day.