Bitcoin Surges to $30K as Traders Pin Hopes on US Trading Boosting BTC Price

2023-6-27 21:39

Bitcoin Bulls Hold Firm at $30,000 as BTC Price Stalls, but Optimism Persists Following Weekly Close

Bitcoin’s price performance remained steady, hovering around the $30,000 mark after the close of the week. Despite the sideways movement, Bitcoin enthusiasts maintained their support, seeing $30,000 as a crucial level.

On June 26, as Wall Street opened, Bitcoin briefly touched $30,500, buoyed by the bullish sentiment. Market observers were hopeful for a repeat of the previous week’s pattern, where the United States played a significant role in driving buying interest. The market witnessed institutional product applications tied to the Bitcoin spot price, generating hype around Bitcoin exchange-traded funds (ETFs).

Traders noted the importance of the U.S. trading session, which had a notable impact on Bitcoin’s price action. Glassnode, an on-chain analytics firm, also recognized the rising U.S. demand, attributing it to the flurry of institutional-grade ETF filings. It marked a potential shift in the market, as Asian exchanges had been leading in terms of accumulation throughout the year.

In terms of technical analysis, the two-year moving average (MA) acted as a key resistance level for Bitcoin, positioned just above $32,800. Traders and analysts noted that historically, the area below the two-year MA had presented excellent accumulation opportunities before the subsequent halving cycle. Shorter timeframes reflected a lack of interest in shorting Bitcoin at its current levels, fueling hopes for a continuation of the upward trend.

While some traders sought opportunities to “buy the dip,” others remained confident in Bitcoin’s strength. Analysts believed that any potential retracements would likely be shallow in nature, considering the convincing end of the previous correction. The overall sentiment suggested that Bitcoin was poised for a new uptrend continuation, rather than a significant downturn.

Сообщение Bitcoin Surges to $30K as Traders Pin Hopes on US Trading Boosting BTC Price появились сначала на Coinstelegram.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price bitcoin close btc performance remained following

Источник: coinstelegram.com

price bitcoin → Результатов: 126


Фото:

Bitcoin Price To See 70%+ Powerful Bull Wave To Push It Over $100,000, How High Can It Go?

The Bitcoin price is slowly breaching the $70,000 mark, showcasing steady upward momentum despite downward pressure from the bearish performance of the US equities market. Taking note of Bitcoin’s recent price movements, a crypto analyst has suggested that the pioneer cryptocurrency could be gearing up for a strong bull wave that could drive its price by over 70%, pushing it past the $100,000 milestone.

2024-10-26 04:00


Фото:

Analysts Predict Bitcoin Price Could Crash To $40,000, But There’s Good News

Despite initial expectations of a steady price increase and a robust bull run this year, Bitcoin (BTC) has suffered severe declines, pushing its price below the $60,000 threshold. Due to the cryptocurrency’s prolonged bearish performance, a crypto analyst has warned that Bitcoin could decline even further, predicting a potential crash below $40,000.

2024-9-4 22:30


Фото:

Michael Saylor Sets Audacious $49 Million Bitcoin Price Target – Details

The price of Bitcoin has recently returned below $68,000, as it attempts to stage a recovery following a significant price dip in the last week. While the crypto market leader attempts to find a support, popular American billionaire and Bitcoin maxi Michael Saylor has released a daring 21-year price prediction for the premier cryptocurrency.

2024-7-29 14:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

THORChain rebounds 18% in a day after 33% pullback: What's next?

THORChain had fallen below the past month's demand zone at $4.5. Its quick recovery showed that sellers were not dominant. THORChain [RUNE] was up by 17.15% in 24 hours and bullish belief haThe post THORChain rebounds 18% in a day after 33% pullback: What's next? appeared first on AMBCrypto.

Ethereum mirrors Solana's 2023 moves - Is 222% gains possible for ETH too?

Ethereum mirroring Solana's exact structure, a triangle below its resistance level. The multiple liquidity grab that occurred on ETH could spark a rally. The comparison of Ethereum [ETH] andThe post Ethereum mirrors Solana's 2023 moves - Is 222% gains possible for ETH too? appeared first on AMBCrypto.

Celestia: Is profit-taking threatening TIA's rally?

The expected rally in TIA faces potential delays as profit-taking activity intensifies. While market sentiment remains solidly bullish, with key metrics hinting at positive movement. CelestThe post Celestia: Is profit-taking threatening TIA's rally? appeared first on AMBCrypto.

How Fantom's growing long positions could propel its next big leap

Fantom social volume peaks coincide with increased whale accumulation, suggesting strong institutional interest Long/short ratio shift above 1.07 indicates growing bullish sentiment. Fantom The post How Fantom's growing long positions could propel its next big leap appeared first on AMBCrypto.