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Bitcoin traders eye bear trap as BTC price hits 10-day high of $60.4K
Bitcoin traded above $60,000 on July 14 as an assassination attempt on United States presidential candidate Donald Trump sparked BTC price volatility. BTC/USD 1-hour chart. Source: TradingView BTC price spikes above $60,400 Data from Cointelegraph Markets Pro and TradingView tracked a crypto market surge as news of the attack, which Trump survived, came in. Local highs of $60,423 on Bitstamp marked Bitcoin’s BTC $58,977 highest value since July 4. Amid uncharacteristically strong performance for a weekend, traders looked to the weekly close and start of legacy market trading for proof that the rally had legs. “$60,500 reclaim would be awesome...
Bitcoin breaks $60k: Will $88k by September be the next BTC milestone?
Journalist BTC’s price increased by more than 3% in the last 24 hours. Most metrics and indicators were bullish on the coin. Bitcoin [BTC] has, after several weeks, shown signs of recovery as it crossed the $60k mark. While this development looked optimistic, the latest analysis suggested that BTC might reach new highs in 2024. Let’s have a look at BTC’s metrics to see whether that’s likely to happen. Bitcoin’s road to new highs CoinMarketCap’s data revealed that in the last 24 hours, the king of crypto’s price increased by more than 3%, allowing it to cross $60k once again....
Bitcoin Accumulation: Who’s Been Buying Up All The BTC Dumped By The German Government?
Bitcoin went on a downward spiral in the first week of July to strike a bottom below $54,000 amidst an exacerbated selloff by some large holders. Various reports using on-chain data have blamed the selloffs on the German state of Saxony selling the bitcoins it seized earlier in the year. Despite this considerable selloff, Bitcoin has primarily held its ground, and bulls have been successful in preventing additional price drops. According to on-chain data, Bitcoin’s standoff can be attributed to some whales, as many of them jumped on the price decrease to top up their holdings. Notably, Bitcoin whales added...
