Bitcoin Technical Analysis: $BTC Bulls Test Upper Resistance
Bitcoin’s price on July 1, 2024, stands at $62,769, with a 24-hour intraday price range of $61,261 to $63,694. The cryptocurrency’s market capitalization is $1.23 trillion, and the 24-hour trade volume is $21.98 billion.
Bitcoin’s hourly chart presents a strong upward trend starting from approximately $60,620, peaking at $63,724, followed by a slight decline. The increase in volume during the price surge indicates stronger buying interest. A strategic entry point could be around $62,500 to $63,000 if consolidation and reversal signs appear, with a short-term target near the $64,000 range.
