Top 5 Bitcoin Events to Watch This Week

Top 5 Bitcoin Events to Watch This Week

Bitcoin has been on a tear lately, and there are no signs of slowing down. This week, there are several key events that could impact the price of Bitcoin. Here are five things to watch: - Will BTC break $70,000 in July? Bitcoin has been hovering around $69,000 for the past few days, and many analysts believe that it is poised to break $70,000 this month. If BTC can break through this resistance level, it could signal a new bull market. - The Federal Open Market Committee (FOMC) meeting and interest rate decision. The FOMC will meet on Tuesday and Wednesday to discuss interest rates. If the FOMC raises interest rates, it could strengthen the US dollar and put downward pressure on Bitcoin. - BTC mining difficulty expected to hit all-time high. The difficulty of mining Bitcoin is expected to hit an all-time high this week. This could make it more expensive to mine Bitcoin, which could lead to a decrease in the supply of new coins. - Bitcoin miner reserves continue to decline. Bitcoin miner reserves have been declining for months, which suggests that miners are selling their coins. This could put downward pressure on the price of Bitcoin. - Fear and Greed Index sees strong recovery...now 74. The Fear and Greed Index is a measure of market sentiment. The index has been rising in recent weeks, which suggests that investors are becoming more bullish on Bitcoin.