Thread by @Adityaroypspk

Thread🧵

Why August month can be #Bullish for #cryptocurrency

•No #Fed / #FOMC Meeting in August So their might not be #interestrates hikes

#Crypto #CryptoNews #ETH $ETH #Ethereum #BTC #Bitcoin $BTC #Binance #BNB

1/10🧵

Oil Price

•When You compare the #Oil price with june month,There is Fall of Oil Price in July month
•This affects #inflation
•That means #CPI Data of #USA can come down to 8.5% to 8.8% range

#Crypto #cryptocurrency #BTC $BTC #Bitcoin #ETH $ETH #Ethereum #binance #BNB

2/10🧵

Consumer Spending

•Even though the #inflation is at peak the #USA Consumer Spending has not got reduced in June
•We can expect the same in July also
•This also affects the #inflation I.e, We Can see a Drop in #CPI

#Crypto #cryptocurrency #BTC #Bitcoin $BTC #ETH $ETH

3/10🧵

•Gasoline prices have come down from their June peak, with a gallon of regular falling to $4.64, 4.7% drop for the month
•One of the reason to think the July #inflation numbers will cool

#Crypto #cryptocurrency #CryptoNews #BTC #Bitcoin #USA $BTC #ETH $ETH #Ethereum

4/10🧵

•S&P GSCI commodities index, a broad-based measure of prices for multiple goods, has fallen 7.3% in July •Wheat futures have fallen 8% since July 1
•Soybeans are down 6%
•Corn is 6.6% down

#Crypto #cryptocurrency #BTC #Bitcoin $BTC #ETH #Ethereum
$ETH #binance #BNB

5/10🧵

•Rent prices in #USA are starting to cool down
•We can see small drop in Electricity cost in July
•Airline fares has dropped over 1.5% in july

#Crypto #cryptocurrency #BTC #Bitcoin $BTC #ETH $ETH #Ethereum #CryptoNews

6/10🧵

• $BTC is trying to reclaim 200WMA
•If #BTC reclaims 200WMA, then we can see Upwards movement to 29k-32k (Weekly SupplyZone)
•There is a Unfilled CME Gap for #Bitcoin from 27300-28700 which get filled if 200WMA reclaimed

#Crypto #cryptocurrency #ETH $ETH #Ethereum

7/10🧵

$BTC August Monthly Returns is some sort of Bullish month

#Bitcoin #BTC #Crypto #cryptocurrency #ETH $ETH #Ethereum

8/10🧵

•MtGox FUD $BTC Need to over come for august bullish month

#Bitcoin #BTC #Crypto #cryptocurrency #ETH $ETH #Ethereum #CryptoNews

9/10🧵

• $BTC Need to reclaim 200WMA then we can say #BTC can move to 30K
•Charts & PA of #Bitcoin is Bearish at the movement
•Depends on today's Daily close,Weekly close,Monthly close

#DYOR
Do Your Own Research

#ETH #Ethereum $ETH #Crypto #CryptoNews #cryptocurrency

10/10🧵

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