BTC is showing many bullish signals on many time frames! 🚀
- After losing 16% of its value from July 1-5, BTC increased by 21%, reaching a peak of $66,139 on July 17.
- Multiple new support levels established, including the 200-day EMA at $58,448 and the $62,600 zone.
- Analysts predict the next level is $69K before reaching $74K.
Daily RSI also shows strength from buyers. Scott Melker commented that the 4-hour RSI is a clue to the next direction.
- Mustache is optimistic about the long-term uptrend after BTC created a "bullish cross" on the monthly timeframe, last in 2017.
Data from Cointelegraph Markets Pro and TradingView shows BTC trading at $63,498 after being rejected at $65,000.
- Aksel Kibar believes that $65,000 is "strong resistance" and the fact that BTC does not fall deeply is a positive long-term sign.
Data from IntoTheBlock shows that BTC has strong support at $62,700, with approximately 840,920 BTC purchased by 1.7 million addresses.
What do you think about this trend? Comment!