Hello
Bitcoin #Bitcoin! Is In Third Week Of July – New BTC Strength Turns Sentiment Surrounding Cryptocurrency, But Question Is
can it last? 🤑🤑🤑🤑
The largest cryptocurrency once again excites traders after the geopolitical events of the weekend, with gains of 10% since July 12.
What could have turned out to be a knee-jerk reaction that ended with the closing of the weekly candle, has laid the foundation for a further rise in the BTC price. However, the question for market participants now is where the support actually lies.
Traders and analysts have seen the BTC/USD pair fall to four-month lows and repeatedly fail to reclaim the $60,000 mark.
Now, with that process tentatively completed, other key price levels are coming back into play.
However, there is always the risk of bulls running out of steam at the hands of market manipulators or simply a lack of consistent demand, something this week's Wall Street trading sessions will no doubt determine.
This week, it's hedge fund trader Josh Man making waves on social media as he made a bold forecast of new all-time highs for the BTC/USD pair at the end of July.
Said:
"We now spend the better part of a month here and below it," he said, adding that he would "hope it works out" when it comes to recovery.
