Bitcoin, which has been stuck between $56,500 and $73,700 for months, is approaching a possible breakout. The recent higher bottom pattern seen near $58,500 may indicate an upward move through July, which aligns with historical patterns. According to CoinGlass data, BTC started July positively, despite closing June on a low note. Stay up to date with the latest financial insights and forecasts.

Impact of MTGOX Payments on the Market

Significant market movements may be seen with the start of MTGOX payments in July. Early investors from the MTGOX era may find it advantageous to cash out their holdings at current prices around $60,000 or $50,000. As of June 30, BTC has recovered to $62,500 and is eyeing $64,600 targets in the short term.

Investment Strategies and Market Indicators

For investors targeting BTC's upper $66,500 and $72,000 levels, it is important to watch for potential resistance points at these levels. Any significant resistance could trigger major selling and test support levels near $56,500. Additionally, investors should pay attention to Ethereum (ETH) support levels, which are especially important at $3,200 and $3,000 with spot ETH ETF listings expected in mid-July. This could increase market enthusiasm.

#BitcoinDunyamiz

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