The Level That the Bitcoin Price Needs to Hold in Order to Bounce at the Beginning of July, According to a Bullish Analyst

In its statement, Rekt Capital, which is one of the most well-known cryptocurrency experts, discussed the set of circumstances that must occur in order for the price of Bitcoin (BTC) to increase.

The expert believes that a bull scenario may take place if Bitcoin were to demonstrate stability at its present values, as it has been doing over the course of the previous several days. It is possible that a surge that has the potential to break the negative trend will take place during the first week of July, as stated by Rekt Capital, provided that the price of Bitcoin is able to maintain its current level.

However, the expert believes that in order for this bull scenario to materialize, the price of Bitcoin must remain stable around the $60,600 mark.

As this post is being written, the price of Bitcoin is now trading at $61,419 per unit. There was a decrease of 4.63% during the course of the previous week, and at its lowest point, the price returned to the level of $60,600 that was indicated by Rekt Capital.

The price of Bitcoin, on the other hand, had a significant price rise after reaching the aforementioned level, which led to its present position.

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