Bitcoin Dey Bounce for $114K Support but Rally No Get New Catalysts
Bitcoin bounce come from e $114,432 support after e six decline in a row, but e no get new tins wey fit hold am steady for rally. Weak US work data—wage growth dey slow down and unemployment dey increase—fit make Fed pause or cut rate, wey fit boost liquidity and how institutions dey invest. US spot Bitcoin ETFs don record pass $50 billion inflows by mid-July, show say many institutions dey accept am more. Geopolitical wahala for Middle East, Russia-Ukraine war and China trade restriction dem dey also fuel demand for Bitcoin as non-sovereign value store. On-chain metrics dey show say long-term holding dey rise and leverage trading dey reduce. Analysts dey see say pullbacks wey dey above $100K na part of wider uptrend, and if Fed turn dovish e fit start rally for Q4.
Neutral
Wen Bitcoin rebound from $114K dey show under skin strength and ETF money plus possible Fed chill fit bring better price, but no new short-term trigger make immediate good movement slow. Big big people demand and wahala for geopolitics still dey support price, and better on-chain numbers mean people dey buy based on value. Like before when Bitcoin hold strong support level without clear reason, market dey wait and steady until new wahala show face. This one mean small improvement soon but long term go better if big big condition for world side soft.