Bitcoin remains as an influential force in the sky of digital currencies that lead the scene, and today we follow the market developments affected by the voices of the federal reserves and the interaction of institutional investors, in an atmosphere of caution and interfering optimism.
Bitcoin price and market performance
Bitcoin recorded a trading today at about 114,617 USD, after reaching the highest price during the session at 115,579 dollars and a decrease to the lowest level at 114,566 dollars, and the continued fluctuation within this narrow range indicates a relative balance between purchasing and selling pressure during the day.
A wave of optimism and financial discussions
Jerome Powell’s statements in the “Jackson Hall” event became a title for the market, as it hinted that the interest may be reduced soon, which extinguished the optimism light or pushing the re -evaluation of assets including Bitcoin, and in return the Santiment platform indicated that there is an excessive state of enthusiasm in the market, relying on this to an unprecedented rise in talking about “reducing interest” on communication.
Signs of whales and market transformations
The latest remarkable news comes from a noticeable shrinkage in the sale from the major investors, as the currency witnessed the withdrawal of about 20 thousand bitcoin from the platforms, which reduces the sales pressure and makes the road prepared in front of a possible rise, and yesterday the price increased after testing the support level at 112 thousand dollars, which increased the conviction that a solid base may crystallize at this level.
Market expectations for the next two days
The differences differed today, as some expectations indicate that Bitcoin may regain the momentum of the rise of about 125 thousand dollars if the accumulation indicators and interest in the large portfolios continue, while others indicate that the correction is about 114 thousand dollars, the reality may be the closest in the short term.
