In brief
- Predictions on Myriad shifted dramatically bullish on June 22, with 61.2% of users expecting BTC to hit $115K before it dips to $95K.
- Technical analysis reveals a convergence of bullish and bearish channels set to meet around July 19 at the $106.5K price point.
- Other technical indicators suggest there’s no “altcoin season” anytime soon, as BTC dominance climbs.
Bitcoin is once again making waves in the financial world. As of Friday, the price of Bitcoin (BTC) remains right around the $107,000 mark, reinforcing investor confidence and raising hopes for another surge toward its monthly and all-time highs.
The Crypto Fear and Greed index is currently at 65, which means sentiment in the BTC market is currently in “greed” mode and traders are eagerly buying.
Myriad, a prediction market developed by Decrypt’s parent company Dastan that allows for the trading of event contracts, provides a glimpse of current investor sentiment. A market titled “
Go to Source to See Full Article
Author: Jose Antonio Lanz
