Despite a positive outlook, including support from a leading US presidential candidate, BTC derivatives lack the same enthusiasm. Market participants question if there is enough demand to break the $65,000 barrier and sustain weekend gains.
Are you feeling bullish? đ đ - yes đ - no
Bitcoin traders eye bear trap as BTC price hits 10-day high of $60.4K
Bitcoin bulls may trap late sellers below key bull market trendlines as BTC weekend gains pass 5%. Bitcoin traded above $60,000 on July 14, following an assassination attempt on presidential candidate Donald Trump, sparking price volatility. $BTC
MetaMask, Polygon, and Starknet unveiled new infrastructure to boost adoption, while centralized exchange hacks surged, contributing to over $1.4 billion in losses in 2024 and a 900% increase in year-over-year CEX losses.
Bitcoin's price remains below $58K despite bullish CPI data and expected Fed rate cuts. Hereâs why:
đ§ Scalping and market makers liquidating leveraged longs are causing short-term weakness, even as the overall trend suggests a potential bounce back to $60K.
đ Stocks and gold are performing well, with the S&P 500 and gold nearing record highs. This traditional market strength is diverting attention from Bitcoin.
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