BTC recovers, price range sideways trend line💎 Update Plan BTC (June 25)
Notable news about BTC:
🌐 Growth stimulus factor
Reducing geopolitical tensions: The ceasefire agreement between Iran and Israel has helped improve investor psychology, promote capital inflows into risky assets like Bitcoin.
The dollar weakened: The USD index dropped to the lowest level in a year due to concerns about the economic impact from President Trump's tax policies, making Bitcoin a more attractive choice for investors to search for replacement assets.
Expectations for monetary policy: The decision of the US Federal Reserve (Fed) on keeping interest rates stable and interest rate cutting capacity in July has motivated the cryptocurrency market.
Technical analysis angle
Bitcoin may increase to the highest level of all time
Bitcoin price reached the lowest level of $ 98,200 on Sunday but has recovered strongly 5% in the next two days, closed on the dynamic average line according to the 50 -day exponential jaw at $ 103,352. At the time of writing on Monday, the price continued to trade higher at about $ 106,500.
If BTC continues to increase, the price can expand the momentum to the highest level of all time is $ 111,980 on May 22.
The relative power index (RSI) on the daily chart is 54, higher than the neutral level of 50, showing the motivation for price increase. The average divergent divergence (MACD) is referring to the price intersection (the MACD is about to cut on the signal line), if completed, the purchase signal will be made.
==> Comments for trend reference. Wishing investors successfully trading
