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BTC Price Outlook: Geopolitical Risks and ETF Capital Flows
Gate News bot news, FXEmpire analyst Bob Mason stated that the BTC price fell by 0.59% on Saturday, and then slightly rose by 0.08% on June 15, closing at $105,563. The short-term price movement depends on news regarding Israel and Iran, legislative updates, the economic forecasts from the Federal Open Market Committee (FOMC), and the flow of ETF funds.
(Source: FXEmpire)
Bearish scenario: The escalation of conflicts between Israel and Iran, legislative setbacks, a hawkish stance from the Federal Reserve, and outflows of ETF funds. These combined factors may result in BTC falling below the 50-day Exponential Moving Average (EMA) and $100,000.
Bullish scenario: Easing geopolitical risks, positive news related to cryptocurrency legislation, dovish outlook from the Federal Reserve, and inflows into ETFs. In these scenarios, investors may refocus on the historical high of $111,917.
Source: FXEmpire