Bitcoin, $ 5,000 from a new historical maximum
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In the area close to $ 110,000, Bitcoin could find strong resistance.
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Bitcoin’s institutional purchases remained firm in the 12 -day War.
Bitcoin (BTC) continues with its bullish impulse in a geopolitical context crossed by the war conflict between Israel and Iran, and is only 5,000 dollars to mark a new historical maximum (ATH).
Days ago, on June 22, Bitcoin fell below $ 100,000 after bombing of the United States on Iranian nuclear centrals. However, the market responded quickly, and the price recovered almost immediately.
To this is added that, hours later of the attack, US President Donald Trump communicated through his social networks that a fire remembered fire in the conflict known as the “12 days war.”
At the time of the publication of this note, the currency created by Satoshi Nakamoto quotes above $ 107,000 and seeks impulse to exceed 112,000 dollars. Despite this, I could find an area of strong resistance around $ 110,000, where it already showed difficulties in previous attempts.
It should be noted that, throughout the 12 -day war, the price of BTC remained firm Thanks to the good performance that the funds quoted in the stock market (ETF) showed During all that period.
It is that these financial instruments had a streak of 11 consecutive business days with money tickets that exceeded 1,000 million dollars. Since its departure to the market, in January 2024, the Bitcoin ETFs captured more than 47,000 million dollars.
As cryptootics has reported, the good performance of ETF has a direct impact on BTC’s price. Due to their operation, managing companies are obliged to maintain BTC in their treasury to support their actions. For that reason, if there is demand for these products, the firms must go to the market to buy more BTC and that makes its price rise.
