Bitcoin Price Outlook: Crypto Aims Higher After Consolidation

Bitcoin Price Outlook:

比特币价格展望：

• Bitcoin is headed higher once more after dipping below $10,000 last week

  比特币在上周跌破10,000美元后再次走高

• The gains extend Bitcoins year-to-date return to 227%

  收益将比特币今年迄今的回报率扩大至227％

• Meanwhile, Facebooks Libra faces intense scrutiny from foreign regulators and Washington

  与此同时，Facebook的天秤座面临来自外国监管机构和华盛顿的严格审查

Bitcoin Price Outlook: Crypto Aims Higher After Consolidation

比特币价格展望：加密后的加密目标更高

After slipping beneath $10,000 last week, Bitcoin has staged a relief effort – recapturing key psychological and technical levels alike. In my prior crypto piece, I argued Bitcoin was due for a period of consolidation which would strengthen the longer-term technical picture. Since then, BTCUSD has climbed to $12,500 and it appears the saying “the trend is your friend” rings true for the time being. After testing the technical clout of various levels, BTC bulls may be more confident moving forward.

上周跌破10,000美元后，比特币已经上演救援工作 - 重新获得关键的心理和技术水平。在我之前的加密文章中，我认为比特币应该进行一段时间的整合，这将加强长期的技术图景。从那以后，BTCUSD已经攀升至12,500美元，看来“趋势是你的朋友”的说法暂时是真实的。在测试了不同级别的技术影响力之后，BTC多头可能更有信心向前发展。

Bitcoin Price Chart: 4 - Hour Time Frame (May - July) (Chart 1)

比特币价格走势图：4小时时间框架（5月） - 7月）（图1）

To that end, the 38.2% Fib around $9,545 has established itself as an important level moving forward and can be looked to for support if cryptocurrency volatility arises in earnest. Nearby, the ascending trendline from May remains intact which is critical for longer-term trend continuation purposes.

为此，38.2％斐波拉契约9,545美元已成为重要的如果加密货币波动性认真出现，可以寻求支持。在附近，5月份的上升趋势线保持不变，这对于长期趋势延续目的至关重要。

Bitcoin Price Chart: Daily Time Frame (January – July) (Chart 2)

比特币价格走势图：每日时间表（1月 - 7月）（图2）

To the topside, the 61.8% Fibonacci level at $13,500 poses formidable resistance and was largely responsible for Bitcoins $2,000 plummet in just 10 minutes. That said, topside targets should be limited until this level is surmounted. $13,000 is another area worthy of mention - marking the swing high in January 2018 and a daily close in late June 2019 - but lacks the strength of the subsequent 61.8% mark.

在上行方面，61.8％斐波那契水平位于13,500美元，构成强大阻力，主要负责比特币仅需10分钟就可摔倒2,000美元。那就是上行目标限制，直到达到这个水平。 13,000美元是值得一提的另一个领域 - 标志着2018年1月的涨势和2019年6月底的日收盘 - 但缺乏随后61.8％的强势。

Facebooks Libra Mired in Regulatory Hurdles

Facebook的天秤座在监管障碍中陷入困境

While Bitcoin is attempting to post fresh yearly highs, Facebook‘s prospective cryptocurrency – Libra – has run into widespread scrutiny. European Central Bank board member Benoit Coeure recently stated, “it’s out of the question to allow them to develop in a regulatory void for their financial service activities, because its just too dangerous.” The social media giant faced similar commentary from German and French finance ministers.

虽然比特币试图发布新的年度新高，但Facebook的预期加密货币 - 天秤座 - 已经受到广泛的审查。欧洲央行董事会成员Benoit Coeure最近表示，“让他们在金融服务活动的监管空白中发展是不可能的，因为这太危险了。”这家社交媒体巨头面临着来自德国和德国的类似评论。法国财政部长。

In the United States, Maxine Waters, Chairwoman of the House Financial Services Committee, officially requested Facebook to stop the development of Libra and the corresponding digital wallet until Congress and regulators investigate both products. The Senate Banking Committee is scheduled to hold a hearing regarding Libra on July 16 and according to MarketWatch, the House Financial Services Committee plans to hold a hearing on July 17.

在美国，众议院金融服务委员会主席Maxine Waters正式要求Facebook停止开发天秤座和相应的数字钱包，直到国会和监管机构调查这两种产品。参议院银行委员会定于7月16日举行关于天秤座的听证会，根据MarketWatch，众议院金融服务委员会计划于7月17日举行听证会。

The consequences for the rest of the cryptocurrency world due to Libras struggles are debated. While some argue Libra will sap market capitalization from Bitcoin and other leading digital assets, others suggest the willingness of major corporations to adopt cryptocurrency is encouraging for the longer-term picture of the space. Either way, increased cryptocurrency publicity may draw new entrants into the digital asset sphere.

由于天秤座的斗争，其余的加密货币世界都在争论中。虽然有些人认为天秤座将从比特币和其他领先的数字资产中削弱市值，但其他人则认为大公司采用加密货币的意愿对于长期的空间情况是令人鼓舞的。无论哪种方式，增加的加密货币宣传可能会吸引新的参与者进入数字资产领域。