TechFlow news, August 22 — Deribit analyst Anand Raj's latest report indicates Bitcoin may be poised to break above the key supply zone at $61,800. Analysis shows this level has been tested multiple times without significant pullback, suggesting increased likelihood of a breakout. Raj believes expectations of a potential Fed rate cut in September, combined with rising inflows into U.S. Bitcoin ETFs, will drive Bitcoin prices higher. With institutional capital continuing to flow in, market sentiment could regain a bullish tone.
Navigating Web3 tides with focused insights
Contribute An Article
Media Requests
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号




