bullish

Bitcoin

Daily

<ul> 
 <li>Bitcoin price showed a 4.41% decline in the last 24 hours amid the US Authorities BTC movements.&nbsp;&nbsp;</li> 
 <li>The token showed a 82.86% surge in daily trading volume according to CMC data.</li> 
</ul> 
The US Authorities sparked attention by transferring Bitcoin worth over $2 billion in the last 24 hours. The tokens were seized from a dark web marketplace, the Silk Road. Meanwhile, the Bitcoin price witnessed a slight dip in the past day, sliding back to the $66K level. The overall crypto market also mirrored the largest cryptocurrency by showing a 2.80% decline.&nbsp; 
According to CMC <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener nofollow">data</a>, Bitcoin exhibited a 4.41% decline in market price over the last 24 hours. At the beginning of July 29, BTC was trading at a high of $69,769 before downward movements were initiated. As the token sparked bearish candles prices slid down to current trading levels. At the time of writing, the token was trading at $66,639.&nbsp; 
Zooming out over the past month, Bitcoin’s price exhibits a performance of 9.37% increase. Notably, the token witnessed several bull-bear combats and crucial incidents during the course of the last 30 days. At the beginning of July, BTC was confronting a consolidation phase between the ranges of&nbsp; $61K to $63K.&nbsp; 
Moreover, the month witnessed two whale movements by prominent personalities. Firstly, the <a href="https://thenewscrypto.com/has-the-german-government-ended-its-bitcoin-selling-spree/" target="_blank" rel="noreferrer noopener">German government</a> initiated a major BTC sell-off consisting of 50,000 tokens being sold during the span of three weeks. Secondly, US-based exchange <a href="https://thenewscrypto.com/defunct-crypto-exchange-mt-gox-transfers-47500-bitcoin-worth-3-2b/" target="_blank" rel="noreferrer noopener">Mt.Gox</a> began transferring Bitcoin tokens to creditors who suffered losses during the exchange’s hack, a decade ago.&nbsp; 
<h3 class="wp-block-heading" id="h-bitcoin-price-weekly-overview-nbsp">Bitcoin Price Weekly Overview&nbsp;</h3> 
In the last seven days, Bitcoin has exhibited mixed signals as bulls and bears attempted to take over the price. Presently, the token shows a weekly performance of 1.25% decline influenced by the recent price dip. However, the market sentiment leans towards a buying stage as indicated by the RSI standing at 57.55 according to TradingView <a href="https://in.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">data</a>.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfBBnhMN6KTFuF6vnNqxUIbXiDefa9bZr0eBOm7m_w2t1qNsXc4RxCkCFHBHQmUWBtC_1SDLK6BmUQW06WlJQJWNQRzyHKwuALA0X77jgVv1XZd7t5OwsLf0mkn9rAAc3iDUS43aCfD12ASaL1JS2yClN0?key=zEMGNeHjIAiodADaD-mrNg" alt="">
 <figcaption class="wp-element-caption">
 BTC/USD Daily Price Chart (Source: <a href="https://in.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>)
 </figcaption>
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</div> 
Furthermore, its short-term 9-day MA stands above the long-term 21-day MA highlighting the token’s bullish trajectory. Notably, in the past week, the token witnessed a bullish trend fueling prices to inch closer to the $70K level. Bitcoin hit a weekly high of $69,987 on July 29, after which the current dip occurred.&nbsp; 
Additionally, according to market analysts, Bitcoin is anticipating bullish price breakouts in the coming months. TheNewsCrypto analysts have predicted a bullish price of $81,013.11 for Bitcoin in 2024.&nbsp; 
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Bitcoin Price Shows Mixed Signals Amid US Authorities BTC Moves

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TheNewsCrypto

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