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<a href="https://en.coin-turk.com/bitcoin-price-surpasses-65000/" data-wpel-link="internal">Bitcoin</a>, remained at lower levels during the July 30 Asian trading session after a rapid rejection at resistance triggered a $4,000 Bitcoin price drop. Data from TradingView showed the BTC/USD pair trading around $66,500, surrounding the daily opening. Volatility had been observed throughout the previous day, with Bitcoin initially reaching up to $70,000 but failing to maintain it, instead dropping approximately 6% within a few hours. 
<h2 class="p1" style="text-align: justify" id="what-is-happening-on-the-bitcoin-front">What Is Happening on the Bitcoin Front?</h2> 
This movement coincided with $2 billion worth of BTC exiting a wallet associated with the US government. The transaction contradicted commitments made by presidential candidates over the weekend to use funds to create a strategic Bitcoin reserve. William Clemente, co-founder of the crypto research firm Reflexivity, noted that the timing was not coincidental and expected a bit more short-term bullishness and a summer period, followed by a likely upward price movement. 
Keith Alan, co-founder of the trading source Material Indicators, reacted by expressing hope that bulls could achieve a recovery to maintain an ascending trend line on daily time frames. In a subsequent comment on X, he argued that higher levels seen this week, particularly $72,000 and above, depended on bulls first turning the former all-time high of $69,000 from 2021 into solid support: 
<blockquote> 
 “I think this will come before bulls position to chase Bitcoin’s ATH level, but I argue that we won’t see a sustainable move to a new ATH level until a R/S Flip at $69,000 is confirmed.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-375172" src="https://coin-turk.com/wp-content/uploads/2024/07/keith-1.webp" alt="" width="500" height="368"> 
<h2 class="p1" style="text-align: justify" id="details-on-the-subject">Details on the Subject</h2> 
Meanwhile, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">popular investor</a> Roman focused on near-term Bitcoin price targets extending to $60,000. He predicted that if the market falls to these levels, it would cause a short squeeze allowing the BTC/USD pair to return to the upper part of its long-term trading range: 
<blockquote> 
 “I am eyeing price targets of $64,000 and $60,000 respectively. I show bear divs with a possible DT reversal setup. Sentiment will be extremely bearish at these levels, and then we will once again go fully up.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-375171 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-27.png" alt="" width="3115" height="1577"> 
In some of its latest analyses, the on-chain analytics platform CryptoQuant highlighted what it called increasing withdrawals from exchanges. Contributing analyst CryptoOnchain noted that the average amount of Bitcoin per exchange withdrawal transaction was on the rise: 
<blockquote> 
 “The increase in Bitcoin outflows could be a positive sign in terms of the possibility of <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> price increases and disruption in the volatility area.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-375170 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-veri.png" alt="" width="4000" height="2250"> 
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The post <a href="https://en.coin-turk.com/bitcoin-investors-withdraw-investments-from-the-us/" data-wpel-link="internal">Bitcoin Investors Withdraw Investments from the US</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Investors Withdraw Investments from the US

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