BTC Price Outlook: Geopolitical Risks and ETF Capital Flows

Gate News bot news, FXEmpire analyst Bob Mason stated that the BTC price fell by 0.59% on Saturday, and then slightly rose by 0.08% on June 15, closing at $105,563. The short-term price movement depends on news regarding Israel and Iran, legislative updates, the economic forecasts from the Federal Open Market Committee (FOMC), and the flow of ETF funds.

(Source: FXEmpire)

Bearish scenario: The escalation of conflicts between Israel and Iran, legislative setbacks, a hawkish stance from the Federal Reserve, and outflows of ETF funds. These combined factors may result in BTC falling below the 50-day Exponential Moving Average (EMA) and $100,000.

Bullish scenario: Easing geopolitical risks, positive news related to cryptocurrency legislation, dovish outlook from the Federal Reserve, and inflows into ETFs. In these scenarios, investors may refocus on the historical high of $111,917.

Source: FXEmpire

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AndiZ250vip
· 06-16 01:13
HODL Tight 💪
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