👉👉Is Bitcoin Price Rising? 👈👈

Bitcoin price surpassed the $62,000 level, marking what analysts believe is the end of Bitcoin sales in Germany and Mt. Gox payments were priced out. Bitcoin, which increased by 5.2% in the last 24 hours, rose from $ 53,500 to $ 62,550, the lowest level in two months.

Developments on the Bitcoin Front

Ben Simpson, founder of crypto education platform Collective Shift, believes that Bitcoin has formed a local base and is heading towards an uptrend. Simpson said the price of Bitcoin was affected by the German government and Mt. Gox stated that he was impressed by the sales of his creditors, but he expected the price to increase in the coming weeks. On July 12, Bitcoin was trading at $59,000 while the Crypto Fear and Greed Index fell to an 18-month low. Simpson stated that Jerome Powell gave signals about the possibility of lowering interest rates and the S&P 500 reached new highs.

eToro market analyst Josh Gilbert emphasized that Bitcoin's worst levels are behind us and that Trump's possible election victory could have positive effects on the Bitcoin price. Gilbert stated that the Ethereum ETF process and the election of a more pro-crypto US party could also increase the price of Bitcoin. Stating that Trump and the Republicans have a more friendly approach to crypto than the Democrats, Gilbert said that the possibility of Trump's re-election could positively affect the Bitcoin price.

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