Bitcoin Faces Volatility Amid Policy Decisions
- Bitcoin Correction Trend: Since the Bank of Japan began normalizing policy in 2024, Bitcoin has undergone four significant corrections, averaging a 22.4% drop, indicating ongoing market sensitivity to central bank policies that may affect investor confidence.
- Whale Behavior Impact: Recent inflows of Bitcoin to exchanges from mid- to large-sized wallets have surged, with Binance seeing 30-day whale inflows of $6.6 billion, suggesting that large holders may be willing to distribute during market weakness, adding supply pressure.
- Unrealized Losses Warning: During the recent downturn, large holders have realized over $2.5 billion in losses, while short-term whales face nearly $16 billion in unrealized losses, indicating potential supply pressure during rebounds that could limit price upside.
- Market Reaction to Policy Decisions: The June 16 BOJ meeting is expected to extend the tightening cycle; if the policy remains firm, Bitcoin may continue to experience volatility, prompting investors to monitor the interplay between macro signals and on-chain dynamics.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 7 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.000907 | 0.0106 | 0.0234 | 0.0349 | 0.0477 | 0.0592 | 0.072 |
| Fibonacci | 0.0106 | 0.0199 | 0.0257 | 0.0349 | 0.0442 | 0.05 | 0.0592 |
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