$BTC Bitcoin’s price action has recently captured significant market attention as it closed at $60,000 on July 9. This uptick follows a surge to $59,459 during the Asian trading session, marking a 1.5% increase. Analysts attribute this upward movement to the rectification of oversold conditions, with market bulls striving to sustain fundamental trendline support.
$BTC Bitcoin Breaking the $58,500 resistance could trigger bullish momentum, targeting $64,000. Conversely, falling below $53,500 could lead to further declines, testing lower support levels around $50,500-$51,000. The market is awaiting the potential approval of an Ethereum ETF, which could boost investor sentiment and benefit Bitcoin.
$BTC Bitcoin has experienced a modest recovery early this week, trading at $57,400 at the time of writing.The opening of the U.S. markets and significant BTC transfers from Germany initially caused a decline in Bitcoin’s value.After a brief downturn, Bitcoin returned to its initial levels, leading experts to speculate on future market trends. In the coming weeks, analysts project that Bitcoin could test levels around $70,000, spurred by consistent ETF channel demands and potential interest rate adjustments.
$SOL Solana is currently forming a bearish descending triangle pattern, which will be confirmed if the price breaks and closes below $118. However, bulls are strongly defending a decline below the immediate Fib channels. As of writing, SOL price trades at $137, declining over 0.7% in the last 24 hours.A break above the trend line might send the price toward a retest of $188. Conversely, if the price declines from the 20-day EMA and falls below $118, it will solidify the bearish pattern. The pair might then drop to $80.
US job growth moderates in June; unemployment rate rises to 4.1% increasing the chances that the Federal Reserve will be able to tame inflation without tipping the economy into recession. $BTC $ETH $BNB
$SOL solana support point 121$ it could not breakout its downtrend maybe now it will go up and the support level is 137, 144, 151, and 155. we need to wait for its moment you can buy from here
#bitcoinnewsupdate Bitcoin price struggled to start a decent recovery wave above the $61,500 resistance level. The bears remained in action and pushed BTC below the $60,000 support zone. There was a sharp decline below the $58,500 level. $BTC $BTC
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