After having recorded the highest monthly fence in May, Bitcoin (BTC) is on the precipice of a major parabolic rally in the near future. The flagship piece managed to bounce back from a previous weekly resistance level of around $ 104,000 and now signals the start of a new rally.
In addition, heavy cryptography liquidations in recent days have cooled the lever -effect market, preparing the land for a new bull race. In addition, Bitcoin’s Futures Open Interest (OI) has gradually increased in the past two months, from around $ 47 billion to around $ 71 billion on June 3 during the American negotiation session at the end of the North.
According to the analysis of the data on the santly chain, approximately 151,820 Bitcoin portfolios holding between 10 and 10k BTC accumulated 79,244 parts of parts in last week. Consequently, the cohort now has a cumulative bitcoin of 13.57 million.
As Coinpedia has reported it in the past, the strategy has led more companies to adopt Bitcoin as a treasure management tool in the recent past. For example, Reitar Logtech plans to raise $ 1.5 billion to acquire BTC for its business treasury.
What on the side for the BTC price
The price of bitcoin has favored bullish feeling in recent weeks after positive developments in tariff negotiations carried out by the United States. With the price of gold reporting a potential rally to a new summit of all time, the price of bitcoin is well placed to follow in tandem in advance.
From the point of view of technical analysis, the price of the BTC is at the dawn of a major parabolic rally in the coming weeks, perhaps similar in the summer of 2017. According to Crypto analyst Gert Lagen, Bitcoin Price is on the way to $ 320,000 in the near future, in particular after the bull-up confirmation last month.
