Bitcoin

With the price of Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) fighting to remain above the critical threshold of $31,000, a <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency market</a> analyst believes it needs to turn one major level into <a href="https://finbold.com/guide/support-and-resistance/" rel="noopener noreferrer nofollow">support</a> in order to continue its <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullish</a> rally toward $36,000 and beyond.Specifically, a pseudonymous <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> analyst, known as Crypto Tony, stressed “the range high at $32,000″ as a significant level” for the flagship decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">DeFi</a>) asset and that “$36,000 and higher will come if we flip it,” according to the observations he <a href="https://twitter.com/CryptoTony__/status/1676842681299877889" rel="noopener noreferrer nofollow">shared</a> in a tweet on July 6.As he explained:<blockquote>“Unless we flip $32,000 into support, do not be following moon boys’ calls for higher targets. Take it one step at a time, as you’re just setting up greed already.”</blockquote><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d19f20a5d85e46a78eaf702c15f90b65.jpg" />Bitcoin price action analysis and prediction. Source: <a href="https://twitter.com/CryptoTony__/status/1676842681299877889" rel="noopener noreferrer nofollow">Crypto Tony</a>In the meantime, another crypto expert, known as CryptoYoddha, has <a href="https://twitter.com/CryptoYoddha/status/1676892887844519936" rel="noopener noreferrer nofollow">noted</a> that Bitcoin “looks ready for another ride” upside, as illustrated in the <a href="https://finbold.com/guide/chart-patterns/" rel="noopener noreferrer nofollow">chart pattern</a> analysis and prediction of the future BTC price trends posted on Twitter on July 6.<h2 id="header-0">Bitcoin price analysis</h2>At press time, Bitcoin was changing hands at the price of $31,112, which demonstrates a 1.27% gain in the last 24 hours, adding up to an increase of 2.40% across the previous seven days, as well as the 20.99% advance over the past month, as the charts indicate.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/da077112841c4ed1ae621976aedf856a.png" />Bitcoin 24-hour price chart. Source: <a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">Finbold</a>It is also worth noting that renowned economist Alex Krüger has earlier <a href="https://finbold.com/economist-alex-kruger-forecasts-a-strong-bitcoin-rally-with-this-bullish-target/" rel="noopener noreferrer nofollow">said</a> that the maiden <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> asset was sitting “right on the edge of resistance (…) between $31k to $37k,” referring to the latter figure as “the lunar level” from mid-May, as Finbold reported on July 5.At the same time, crypto expert Willy Woo <a href="https://finbold.com/crypto-guru-willy-woo-predicts-bitcoin-price-boom-as-demand-skyrockets/" rel="noopener noreferrer nofollow">believes</a> that Bitcoin is in for another price squeeze following the continuous increase in demand coming from institutional and professional <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investors</a> in Bitcoin <a href="https://finbold.com/guide/futures-trading/" rel="noopener noreferrer nofollow">futures</a>, as he told <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto trader</a> and investor Scott Melker, a.k.a. The Wolf Of All Streets in a podcast on July 3.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>

Bitcoin to the moon? BTC to rally toward $36k after flipping this level

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