$BTC

$Bitcoin (BTC) spent the weekend with a positive trend, trying to maintain its position above the $67,000 level.

During this period, it was observed that the price supported the upward movement as large Bitcoin investors reduced the selling pressure. In his statement on the X (Twitter) platform on July 20, CryptoQuant's Research Manager Julio Moreno stated that investors holding between 1,000 and 10,000 Bitcoins have completed their intense sales and a positive momentum has begun for Bitcoin.

Bitcoin's attempt to consolidate its position above $67,000 provides an important opportunity to explore the dynamics of this bullish momentum and experts' views on the near future of the cryptocurrency. According to the latest data from CoinMarketCap, BTC is trading at around $66,700, up 12.15% in the last seven days. Investors are closely watching whether BTC can maintain the critical support level above $65,000.

Analysts in the crypto community have different views on the future of Bitcoin. For example, crypto analyst Milkybull Crypto notes that if Bitcoin continues its current technical trend, the next target could be $69,000. More optimistic forecasts predict that the price may rise to the range of $ 84,000 to $ 88,000.

Quinten Francious from the Young and Investing YouTube channel stated that Bitcoin's weekly Bollinger Bands are at the narrowest levels in history, which could indicate serious price movements. Bollinger Bands are known as an analytical tool that measures volatility and momentum within a specific range.

Bitcoin's efforts to maintain its position above $67,000 provide critical indicators for determining future trends among analysts and investors. Factors such as decreasing selling pressure and narrowing Bollinger Bands may lead to significant price movements in the market in the coming period. It should not be forgotten that every trading decision involves risks and detailed research should be done before investment decisions.

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