Bitcoin - Review from 28.10.2024

Financial and commodity markets analytics


Technically, the market made an attempt to retest the local minimum in the $65,000 level zone, about the possibility of which we wrote earlier. However, the price only reached marks located in the $66,000 level zone. Further attempts to decrease cannot be ruled out.

Meanwhile

In the news space, there is data that in the US, ETF exchange funds based on bitcoin could reach an important mark of 1 million bitcoins on the balance. And this may happen already this week. Some experts associate such dynamics with the expectations of positive factors present on the market, including the upcoming elections in the US and potential lowering of interest rates by the Federal Reserve. This information indicates fundamental growth in interest in Bitcoin – as an asset.