**Bitcoin Rises to $63,000, US Whales and Institutions Buy Again! đ**
- Bitcoin returned to the $63,000 level in trading Monday morning, July 15. This is the highest level in the past two weeks, leading some analysts to think the downtrend is over.
- On-chain analytics platform CryptoQuant revealed that the bull run was driven by âUS whalesâ as institutional buying of Bitcoin increased again.
- Analysts look at Coinbase premium spreads to determine trend changes. This premium difference is the price difference between Coinbase Pro (USD pair) and Binance (USDT pair). A high premium could indicate strong buying pressure from US investors.
- More than a billion dollars flowed into spot Bitcoin ETFs in America last week, although retail trading remained sluggish.
- Market analyst 'Rekt Capital' notes that the downtrend has ended as the asset reaches $61,500, and BTC will soon reclaim the post-halving re-accumulation range.
- Analyst Michaël van de Poppe commented that global uncertainty increased following the assassination attempt on Trump, creating an "ideal climate" for Bitcoin to continue rising.
- With BTC returning to $63,000, the next level of resistance is around the $65,000 price zone, which was last broken on June 20.
What do you think about this spike? Come on, discuss in the comments column!
