$BTC

BTC price experienced a rise in the crypto market with the news of the attack that Trump survived, rising above $ 60,400. $60,423 was the highest level Bitcoin reached since July 4th.

Amid a strong weekend performance, traders are weighing weekly closing data to see if the rally will continue. "It would be great for the bulls to regain $60,500. If we achieve that, it would be a real sign of strength," popular trader Crypto Tony commented.

Analyst Rekt Capital emphasized that Bitcoin is at a critical point in its effort to maintain the "reaccumulation range" after the halving. “Bitcoin is less than 1.5 percent away from reclaiming $60,600 as a key support level,” Rekt said.

A 5 percent increase in price from the July 12 close, CME Group expects to fill the potential for a significant “gap” in Bitcoin futures. However, trader Daan Crypto Trades pointed out the bear trap scenario. "It could be a much better opportunity to keep many market participants on the sidelines," Daan said.

At the time of writing, liquidity was concentrated at $60,660. BTC/USD managed to reclaim the 200-day moving average, which was $59,207 as of July 14. The average purchase price of investors in US spot Bitcoin exchange-traded funds is at similar levels to the 200-day trend line. According to data shared by Checkmate, the founder of Onchain analysis resource Checkonchain, this figure was recorded as $ 58,240 on July 10.

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