Ethereum

Top news for today (July 22) 😉 

JPMorgan questioned the sustainability of Bitcoin's growth, pointing to significant premiums to the cost of production and the "fair" price adjusted for volatility compared to gold. Analysts are betting on market growth in August after the end of payments to clients of Gemini and Mt.Gox.

BTC touched the level of $68.5k tonight, and the daily fix will be super optimistic for continued growth. A small gap formed on the CME (800 points), which was immediately closed, so in this sense there is nothing to worry about.
Based on this, I see only 1 movement scenario in the near future, but with a couple of variations:

1️⃣ either BTC will begin to decline from the current ones to ~$62k and from there will fly up to ATH;

2️⃣ or it will first collect liquidity from $69.5k, and from there it will begin a correction, after which it will inevitably begin to rise.

Analysts are closely monitoring Bitcoin's growth and market dynamics, considering factors like cost of production and price volatility. Despite short-term fluctuations, the overall sentiment remains optimistic for continued growth, with potential scenarios for both corrections and new all-time highs. Stay tuned for more updates on this evolving situation! 🚀📈 