Bitcoin

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Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/mtgox-starts-repayments-and-bitcoin-shows-positive-signs/" data-wpel-link="internal">MTGOX Starts Repayments and Bitcoin Shows Positive Signs</a><br></p>
<p style="text-align: justify">MTGOX repayments are starting, and the indicated date was July, but <a href="https://en.coin-turk.com/bitcoin-faces-significant-profit-taking-by-short-term-investors/" data-wpel-link="internal">BTC</a> made a good start. Risks are sold, expectations are bought, and events are priced early in crypto. For now, it is unknown what the potential of large-volume sales will bring us, but BTC seems to be in a recovery trend. Perhaps the weakness that has been ongoing for months has finally ended with the last major liquidations.</p> 
<h2 style="text-align: justify" id="bitcoin-btc-commentary">Bitcoin (BTC) Commentary</h2> 
<p style="text-align: justify">BTC, which has been lingering between $56,552 and $73.77 for a long time, is now expecting a real breakout. The good <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> is that it formed a higher low around $58,500, and if history repeats, we might see a rise again in July. According to data compiled by CoinGlass, as June closed negatively, BTC started July on a good note.</p> 
<p style="text-align: justify">MTGOX repayments seem to be the biggest issue for July because for <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> who bought BTC 10 years or more ago, even a price of $60,000 or $50,000 means the right time to sell. On June 30, BTC reclaimed $62,500 and was above $63,400 at the time of writing, targeting the key level of $64,602.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-366975 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/temmuz-2024-btc-tahmin.png" alt="" width="1401" height="755"></p> 
<p style="text-align: justify">If the bulls succeed, targets of $66,476 and $72,000 will come into play. After the last resistance, the level to be targeted is the all-time record price of $73,777. Those who bought the dip at $64,602 might sell in large volumes, and here, the risk of $56,552 will emerge after $62,500 and $60,000. This will extend the date when it will break its narrow range upwards (if it manages to do so).</p> 
<h2 style="text-align: justify" id="ethereum-eth">Ethereum (ETH)</h2> 
<p style="text-align: justify">Experts expect Spot ETH ETF listings by mid-month. June passed with anticipation, but the listing did not come; further delays are unlikely. July 8 is the last date for S-1 Form submission. Investors might want to jump on the train early for the potential rise in July. To trigger greater excitement, we need to see closures above $3,538. Thus, $3,730 and $4,094 could come into play.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-366977 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/temmuz-2024-eth-tahmin.png" alt="" width="1401" height="756"></p> 
<p style="text-align: justify">What if it falls? We will see how strong the psychological supports of $3,200 and $3,000 are.</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/mtgox-starts-repayments-and-bitcoin-shows-positive-signs/" data-wpel-link="internal">MTGOX Starts Repayments and Bitcoin Shows Positive Signs</a></h5>

MTGOX Starts Repayments and Bitcoin Shows Positive Signs

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