![Bitcoin, can't you foresee it yet?[Cryptocurrency market]](https://www.arover.net/wp-content/uploads/2022/06/Bitcoin-cant-you-foresee-it-yetCryptocurrency-market.jpg)
author Yasuo MatsudaRakuten Wallet Senior Analyst
Majored in the international monetary system at the Faculty of Economics, University of Tokyo. He is engaged in foreign exchange and fixed income sales and trading business at Bank of Tokyo-Mitsubishi UFJ and Deutsche Bank Group. Since 2018, she has been engaged in analysis and forecasting of the crypto asset market at a crypto asset exchange company, and forecasts a peak of 8 million yen in 2021 and 5 million yen at the end of the year, almost hitting the mark. He has been in his current position since January 2022.
point
・ Even at the $ 20,000 level
・ Fed Chairman’s testimony Day 2 “Entering a recession is not inevitable” is somewhat positive
・ Today is an option at the end of 3 quarters ・ Futures due date concentrated date
・ The past two times have risen between the option date and the futures date, and have fallen before that.
Yesterday’s BTC market price
Yesterday’s BTC market was in conflict.
It is supported at around $ 20,000 (about 2.7 million yen), but the upper price was suppressed at around $ 21,000 (about 2.85 million yen), and trading in a narrow range continued.
In the Fed chairman’s testimony at the U.S. Senate, which is noteworthy, there was no surprise in the opening text, the U.S. stocks rebounded slightly, and the BTC also rose, but the upper price was suppressed before $ 21,000, and the recession (recession) in the subsequent question and answer session. It fell below $ 20,000 when it acknowledged the possibility of entering and realized that soft landing was not easy.
However, when it was supported at the level below $ 20,000 due to the impact of the $ 20,000 option strike, which will reach a large-scale deadline on Friday, the price returned to a gradual return due to the rebound of Chinese stocks.
Fed chairs have made it clear that the Fed’s commitment to inflation is “unlimited” and prioritize inflation control, and at the same time, Fed directors are sick of supporting a 75bp rate hike at the July FOMC. The BTC tried $ 20,000 again.
However, when the market stopped declining when the chairman did not think that it was inevitable to fall into recession in the question and answer session, U.S. stocks rebounded and BTC started to rise as the testimony itself was successfully overcome. ..
After that, Moody’s downgraded Coinbase and temporarily lowered the price of BTC, but it has recently returned to around $ 21,000.
Today’s BTC market price
The insights and interpretations of this article are by the author and do not necessarily reflect the views of Cointelegraph.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.
