[코인시황] Double top? Is it the best? Bitcoin running on the weekend market

Bitcoin (BTC) is struggling to surpass its all-time highs recorded in the middle of last month.

■ As of 11:20 a.m. today, Bitcoin (BTC) was traded for about $56,258 each. This is a decrease of about 1.05% in 24 hours.

■ Over the course of 24 hours, the price of Bitcoin has been in the range of $55,116 to $58,150.

■ It is struggling to surpass the all-time highs recorded in the middle of last month, while continuing the upward trend, approaching $58,000.

Bitcoin price exceeded 56,000 dollars on the Coinbase exchange. However, it fell 2.2%, ending the longest sustained gain this year. It continued its upward trend for 7 days in a row until the 11th, and almost recovered its losses at the end of last month, but the all-time high did not exceed $583,000.

Bitcoin price has risen 25% this month, showing a sixth straight month rise for the first time in seven years. This year as a whole, it has almost doubled from last year.

Danmarik Dante of CoinDesk said, “In the bull market today, tech traders are concerned about the possibility of a’double top (a phenomenon that returns to a downtrend after two consecutive highs are renewed, in the form of an M)’. We are looking forward to it, but we are also concerned about the double top, which could lead to a strong sell-off,” he said.

In other words, the market that has shown an uptrend in the last two weeks and has fully recovered from the downtrend at the end of last month At the same time, we are facing two possibilities: the double top, or the record-breaking high.to be.

Matt Blom, head of sales and trading at EQUOS, a digital asset exchange, said, “It is up to the market this weekend whether bitcoin will remain at its current level or if it will go up a bit and hit a new high.”

July hard fork, Ether price rise will not be affected

Ether (ETH) also continued to rise this week thanks to the rise of Bitcoin. However, as of 11:20 this morning, it was traded at around $1741 each, which is a decrease of about 3.7% in 24 hours.

Currently, the community of Ethereum developers and miners is focusing on upcoming protocol upgrades. It has been confirmed that the hard fork upgrade scheduled for July will include a solution to the network fee problem published in Ethereum Improvement Proposal (EIP) 1559.

Some analysts have noted that it is unclear whether these changes will have a long-term effect on Ether prices. CoinDesk US analyst Kim Christine predicted, “Because of the very experimental and evolving nature of Ethereum 2.0 upgrade, it is unlikely that this will have a significant impact on Ether price just because the contents of EIP 1559 are included in this upgrade.”

“However, if the upgrade in July is completed without problems and Ethereum becomes a more scalable and efficient blockchain protocol, the future is bright. More value will be accumulated as the number of new users increases and Ethereum-based decentralized applications will increase as well. This could have a positive impact on the Ether price in the long run.”

Besides Ether, other altcoins also showed an uptrend this week, but not as much as Bitcoin. The FTX exchange’s altcoin index futures increase rate was a little less than 2%.

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