Product: BTC/USD Prediction: Increase Fundamental Analysis: FundaThe cryptocurrency market turned higher over the weekend and in early European trade, regaining some of June’s hefty losses. After touching a $72k high in early June, sellers took control of the market and pushed BTC/USD down to a multi-month of $53.5k on July 5th. During this period, the German government sold approximately 50k Bitcoin into the market, coins that had been confiscated from the illegal streaming site Movie2k. On-chain analysis shows the German government’s cryptocurrency wallet now has a zero Bitcoin balance. Ethereum traders are waiting for launch dates from the SEC on the highly anticipated Ethereum spot ETFs. In late May the SEC gave the regulatory go-ahead to several spot Ethereum ETFs from eight providers, including BlackRock, Fidelity, Franklin Templeton, and VanEck. Final SEC approval and launch date are expected shortly. Technical Analysis: The daily Bitcoin chart shows BTC/USD back above the 20-day and the 200-day simple moving averages. A reclaim of the 50-dsma at $64k and a prior swing high at just under $65k would set the tone for a higher move. On the weekly chart, a bullish cup and handle pattern continues to be formed and suggests that Bitcoin will move higher over the coming months Click link below for more: https://kvb.ai/ATeCNKQlL #KVB# #BrokerNews# #technicalanalysis# #fundamentalsanalysis# #Signal#