Current Market Situation
Bitcoin shows a complex market development with stable price movements and a bullish market sentiment. The price is currently at around 107,000 USD, having risen above 110,000 USD.
Factors for a Breakout
- Technical Indicators: Positive technical signs with 57% of the days in the plus and a low volatility of 2.03%.
- Economic Factors: External impulses, such as U.S.-China trade talks, could positively influence the market.
- Forecasts: Potential price increase to 120,000 USD by the end of June, assuming current resistances are overcome.
Factors for a Decline
- Sell Pressure: On-chain data indicates rising sell pressure from long-term investors.
- Resistance Levels: A multi-month supply block could hinder the upward trend.
- Geopolitical Tensions: Events such as tensions between Israel and Iran could have a negative impact.
Investment Decisions
Private investors should weigh the bullish technical indicators against potential risks and pursue a diversified investment strategy. The market depends on various factors that require flexible adjustments.