Bitcoin is located between EMA50 and EMA200 in the four-hour timeframe and is in its long-term ascending channel. If the downward trend continues towards the specified demand zone, we can buy Bitcoin with appropriate risk-reward.
Bitcoin’s rise to around 116 thousand and its arrival at the specified supply zone will provide us with its next selling position. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important. If the downward trend continues, we can buy within the demand range.
Last week, the eyes of many cryptocurrency investors were fixed on MicroStrategy, as speculation mounted that the company might be added to the S&P 500, the benchmark index of America’s 500 largest corporations. In anticipation of this potential milestone, Bitcoin’s price surged, climbing to around $113,000. Market sentiment briefly shifted into the zone of optimism and greed.
However, everything changed once the S&P 500 committee rejected MicroStrategy’s inclusion. The decision triggered a decline in Bitcoin’s price and sent the market sentiment index back into negative territory that very same day. Under the leadership of Michael Saylor, MicroStrategy has long established itself as one of the largest institutional buyers of Bitcoin, consistently adding the digital asset to its corporate balance sheet.
Meanwhile, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), announced that creating a clear regulatory framework for the cryptocurrency industry is now a top priority for the agency. He declared, “This is a new era for the SEC,” stressing that the central goal is to provide greater certainty and predictability for investors and crypto projects alike. Such an approach could mark the beginning of a new phase of institutional adoption and accelerated growth for the digital asset industry in the United States.
Over the past year, most forced liquidations had been concentrated in Bitcoin trading. But since the start of this year, the trend has shifted, with liquidation volumes in the altcoin market surpassing those in Bitcoin — particularly intensifying in recent months, especially July. This shift indicates that speculative traders have increasingly flocked to altcoins.Interestingly, this stronger speculative presence in the altcoin market has coincided with Donald Trump’s return to office and the decline in the value of the U.S. dollar. As a result, Bitcoin has increasingly solidified its status as a store-of-value asset, carving out a distinct trajectory from the rest of the cryptocurrency market.
Former PayPal President David Marcus also underscored Bitcoin’s scarcity in a recent statement: “Future generations will wish they had lived during this time, when it was still possible to own a full Bitcoin.” His words once again highlighted the long-term value of Bitcoin, suggesting that the opportunity to acquire an entire coin may eventually become a distant dream.
