Here’s Key Reason Why Bitcoin Will Begin It’s Bull Run
Economic Growth in G-7 Countries
Interest Rate Cuts To Boost Bitcoin
Tech Positivity To Support Bitcoin
Wall Street’s current optimism in the technology sector is another positive sign for Bitcoin. The ratio between the tech-heavy Nasdaq index and the broader S&P 500 has reached record highs, reflecting strong investor confidence.
Uncover key insights on Altcoins to watch this summer, including SOL, TON, MATIC, TRX, and NEAR, showing promising growth potential and technological innovations.
The first week of July has been a difficult one for the market. But amid the growing sell-offs, crypto whales loaded their wallets with some altcoins that some may term undervalued.
Whales are large investors, and their influence on price cannot be underestimated. Therefore, market participants may need to keep an eye on Dogecoin (DOGE), Optimism (OP), and Pepe (PEPE), as they are among the altcoins crypto whales bought this week.
As Bitcoin (BTC) returns in the realm above $62,000, the flagship decentralized finance (DeFi) asset still seems to struggle with retaking the $63,000 level, but certain machine learning and artificial intelligence (AI) algorithms expect it will manage to succeed by the end of July.
Indeed, the price action of Bitcoin has recently suffered a bearish streak that continued for the majority of the month, only managing to recuperate for a short time in the past several days before dropping again below the $63,000 level in the last 24 hours.
Bitcoin price prediction
Regarding its performance in the upcoming weeks, the advanced AI algorithms at work over at the cryptocurrency monitoring and forecasting platform PricePredictions have projected it would turn positive and hit $63,261.23 on July 31, 2024, according to the data on July 2.