In our “Analytics” section, we analyze cryptocurrency market trends, price movements, and key developments in the blockchain industry. Here you will find expert insights, market forecasts, and breakdowns of major crypto events that influence Bitcoin, Ethereum, and other digital assets. Read the “Analytics” section on ForkNews to better understand the crypto market and make informed decisions.
Bitcoin has been in uncertainty for the past few days. What will happen next? KickEX analysts consider either $21,800 as a positive target for movement, or, in the event of a breakdown and consolidation below the $20,800 level, a continuation of the movement to levels below $19,000.
Analysis and forecast of the Bitcoin picture for the period from August 8 to August 13 from the Kick Ecosystem analyst team.
“Bitcoin may continue to grow to the level of 26,400, or it may decline to the level of 22,000 and consolidate around it,” analysts from the Kick Ecosystem team about the situation in the cryptocurrency market, factors influencing it, and scenarios for further movement.
KickEX traders analyzed the main events of the past week on the cryptocurrency market and gave a forecast for the BTC exchange rate for the new period.
Summing up the results of 90 days in the cryptocurrency market, we can notice a shake-up of investors and a clearing of the market after a series of bankruptcies of key players in the market - KickEX traders about events that will affect the situation in the cryptocurrency market and scenarios for the development of events.
According to the latest report, the US inflation rate for June is currently 9.1%. This has only happened 12 times in the country over the past 110 years. Previous rate increases of 0.75% did not have an effect, so now with a probability of 82% an increase is expected immediately by 1% to a range of 2.5% - 2.75%, which is an extremely negative factor for the growth of the main asset.
Miners are dealing with the low price of BTC, with Core Scientific selling over 7,000 BTC in June. Hut8 now has 5,800 farms in Ontario and claims that all BTC will be frozen. The analysis was prepared by KickEX exchange analysts
Under the influence of macroeconomic indicators from the US and EU, pressure on the Bitcoin price is noticeably increasing. Prepared by traders of the KickEX exchange.
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