Bitcoin

Momentum

Notable

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-bulls-struggle-to-maintain-momentum/" data-wpel-link="internal">Bitcoin Bulls Struggle to Maintain Momentum</a><br></p>
<p class="p1" style="text-align: justify"><strong>Bitcoin</strong> bulls couldn’t maintain their upward momentum due to <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">recent developments</a> and are now fighting to defend the $63,000 level. Bitcoin price couldn’t sustain yesterday’s upward trend today, and now buyers are trying to hold the $63,000 level. The broader <a href="https://en.coin-turk.com/uzbekistan-approves-participation-of-private-bank-in-national-crypto-card-project/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> is also in a consolidation phase, and it will be interesting to see what direction it takes next.</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">As seen in the chart below, <strong>Bitcoin</strong> price has so far been unable to maintain its position above the $63,000 level and is currently trading around $62,600 at the time of writing.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-367170 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-1.png" alt="" width="1316" height="1184"></p> 
<p class="p1" style="text-align: justify">At the time of writing, Bitcoin has shown a decrease of approximately 0.3% in the last 24 hours but is trading up 3.2% compared to last week. As reported yesterday, the German government moved $100 million worth of Bitcoin to exchanges, signaling potential selling intentions.</p> 
<p class="p1" style="text-align: justify">This move could cause the cryptocurrency to lose its upward momentum and experience a stronger upward trend at another time. However, analysts remain optimistic that <strong>July</strong> will be a positive month because this period has been historically significant following the declines in June.</p> 
<h2 class="p1" style="text-align: justify" id="notable-details-in-the-altcoin-market">Notable Details in the Altcoin Market</h2> 
<p class="p1" style="text-align: justify">Most of the top altcoin projects by market value are also in a consolidation phase. Only a handful are planning more notable moves. For example, <strong>AVAX</strong> with a 5.6% loss and UNI with a 3.05% loss have been the worst-performing projects among major cryptocurrencies. On the other hand, TON recorded a 4% increase, while ADA gained 2.6%. The remaining altcoin projects are mostly trading sideways during the day.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-367169 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/veri.jpg" alt="" width="1664" height="1157"></p> 
<p class="p1" style="text-align: justify">It has been a period of relative stability in the market, with not many categories showing extraordinary performance. However, it will be interesting to see whether the market will move to an upward resolution or if another correction is in store following the recent price increases.</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-bulls-struggle-to-maintain-momentum/" data-wpel-link="internal">Bitcoin Bulls Struggle to Maintain Momentum</a></h5>

Bitcoin Bulls Struggle to Maintain Momentum

Table of Contents

COINTURK NEWS

Other articles published on Jul 2, 2024

Auditchain Labs AG Announces Roll Out of Pacioli.ai for Compliance With MiCA and VARA White Paper...

Why the BTC Price Trend Might Be Your Best Bet in 2024

No Evidence AI Will Raise Wages, Says MIT Professor

Top Six AI Projects That Can Impact Our Lives

Bitcoin Price Set for October Breakout, New ATH in Sight

Latest Meme Coin To Buy Right Now, Tuesday, July 2 – Landwolf, Hoppy, Super Trump, Pepe Unchained

Join our free newsletter for daily crypto updates!