Bitcoin continued to rise on Tuesday, and the price went up to $80,000, the first time since 4 May that this whole point had been touched. Synchronizes the rise of the Taipei and XRP, which have increased cumulatively by more than 25 per cent and nearly 30 per cent over the past week, respectively, indicating that this round has spread to the wider encryption market.
U.S. Treasury operations-driven risk preferences
The market linked the recent increase to the United States Treasury Department ' s expanded debt buy-back operation. This arrangement, according to the report, alleviates market concerns about liquidity and increases investors ' willingness to accept volatile assets.
Higher liquidity is expected to facilitate the return of funds to risky assets, benefiting from the use of encrypted currency. In addition to macro-level factors, the increase was amplified by empty flats, which, in part, were forced to replace the fallover, further pushing up prices.
The mainstream currency has been rising a week.
- Bitcoin's cumulated up to 30%.
- Etherwood has increased by more than 25%.
- XRP cumulative increase close to 30%
It was mentioned that $80,000 was on this station in Bitcoin, which means that it has returned to a high range since May. The market then focused on whether this position could be transformed into a short-line support rather than a quick fall back after a one-time rush.
8.27 million dollars to be next in sight.
According to the report, the next area of interest above bitcoin is near US$ 82,689. If prices remain stable above $80,000, market sentiment may remain biased, and short-lines may be diverted to sorting out in this area.
The article also notes that some of the kinetic energy indicators have been at a high level following recent rapid increases. This means that the upward trend has not yet been undermined, but short-line fluctuations and the pressure for profit has also increased.
In terms of support below, the report highlights that the area around the 200-day mean line remains the focus of market observation. The current rebound structure is expected to continue if the price continues at this end of the line; if the price falls significantly, the market ' s judgement of the boom may turn to caution.