2024

Bitcoin

Material

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-begins-q3-2024-with-significant-surge/" data-wpel-link="internal">Bitcoin Begins Q3 2024 with Significant Surge</a><br></p>
<p class="p1" style="text-align: justify">As bulls aim to regain lost ground while heading to all-time highs, <a href="https://en.coin-turk.com/bitcoin-price-analysis-can-btc-break-the-critical-27500-level/" data-wpel-link="internal">Bitcoin</a> starts Q3 2024 with a significant surge. With the weekly, monthly, and quarterly totals seeing the $60,000 support holding, Bitcoin’s price strength temporarily returns. As of the time of writing, Bitcoin gained 4% in 24 hours, but it still has work to do to continue the bull market.</p> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-on-the-bitcoin-front">What’s Happening on the Bitcoin Front?</h2> 
<p class="p1" style="text-align: justify">A series of gains at the end of June helped Bitcoin achieve a promising close above $62,500 weekly, monthly, and quarterly. According to data from TradingView, the BTC/USD pair reached local highs of $63,724 on centralized exchanges before consolidating in a decline.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-366792 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-1s.webp" alt="" width="1634" height="849"></p> 
<p class="p1" style="text-align: justify">Figures from <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data analysis</a> platform CoinGlass confirmed a 7% loss in June, with Bitcoin ending Q2 with a total decline of 12%. Looking ahead, market participants remain cautious, with much room for sentiment improvement.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-366791 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btcusd.webp" alt="" width="1372" height="756"></p> 
<p class="p1" style="text-align: justify">According to Keith Alan, co-founder of the trade source Material Indicators, Bitcoin has made a nice rise from low levels but currently lacks the momentum for bulls to close above the 21-Week Moving Average.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-366790 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/grafik.webp" alt="" width="1634" height="849"></p> 
<h2 class="p1" style="text-align: justify" id="warning-from-a-famous-name">Warning from a Famous Name</h2> 
<p class="p1" style="text-align: justify">Meanwhile, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">popular investor</a> Daan Crypto Trades highlights the large gap in CME Group Bitcoin futures opened thanks to the weekend’s rise. Starting at $60,400, this now represents the largest gap we’ve had in a long time:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“The gap below can be closed, but as we speak, the price is quite far, so don’t give it too much value. If the market wants to escape, weekend moves/gaps are a perfect time to do so. We’ve seen such gaps form before and never close or close months/years later.”</p> 
</blockquote> 
<p class="p1" style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-366789 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-yorum.jpg" alt="" width="1132" height="765"></p> 
<p class="p1" style="text-align: justify">Meanwhile, a look at order book liquidity shows that prices have seen multiple liquidity hunts until July, with $64,100 currently being a significant area of interest.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-366786 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-liq.png" alt="" width="1408" height="770"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-begins-q3-2024-with-significant-surge/" data-wpel-link="internal">Bitcoin Begins Q3 2024 with Significant Surge</a></h5>

Bitcoin Begins Q3 2024 with Significant Surge

قائمة المحتويات

COINTURK NEWS

المزيد من المقالات نُشرت في ١ يوليو ٢٠٢٤

Price analysis 7/1: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

PayPal-backed fintech startup Mesh teams up with Italy’s crypto wallet Conio

Crypto: Ethereum Gas Fees Plummet, But At What Cost To The Network?

Pepe set to overtake Shiba Inu in the crypto market this year

Analyst Predicts Ethereum ETF Launch In Early July

New Capital Injection Fuels Web3 AI Platform, AGII’s AI Research and Development

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.