Savvy

Bitcoin

when

Read

Shiba Inu

<ul> 
 <li>Bitcoin is technically bullish if it holds above previous lows (around $60,000). A break below $56,000 could signal the end of the bull market.&nbsp;</li> 
 <li>Savvy investors, including MicroStrategy, continue to buy Bitcoin. Financial advisors also seek to increase clients’ crypto exposure.</li> 
 <li>Bollinger Bands indicate critical support levels, suggesting potential massive volatile moves. Sideways consolidation doesn’t necessarily mean the end of the bull market.</li> 
</ul> 
<p><a href="https://cryptonewsland.com/bitcoin-price-action-prints-a-familiar-pattern-bullish-wave-potential-emerges-75000-ath-soon/">Bitcoin’s </a><a href="https://cryptonewsland.com/bitcoin-price-action-prints-a-familiar-pattern-bullish-wave-potential-emerges-75000-ath-soon/" target="_blank" rel="noreferrer noopener">price</a> has kept investors on edge, with no clear confirmation of a bull or bear market. Last week, price action remained relatively tame, showing low volatility and a slight bullish relief. As the post below suggests, this is not the get bearish on BTC&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Not the time to get bearish <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://t.co/4xseRTTbhL">pic.twitter.com/4xseRTTbhL</a></p>— Quinten | 048.eth (@QuintenFrancois) <a href="https://twitter.com/QuintenFrancois/status/1803827565888500076?ref_src=twsrc%5Etfw">June 20, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>But when will Bitcoin recover from the prevailing bearish outlook? Some analysts suggest that BTC will recover when weak <a href="https://twitter.com/woonomic/status/1803926249036710234?t=XRLSPviC8LVRKupIpnaE7Q&amp;s=19">miners die </a><a href="https://twitter.com/woonomic/status/1803926249036710234?t=XRLSPviC8LVRKupIpnaE7Q&amp;s=19" target="_blank" rel="noreferrer noopener nofollow">and</a><a href="https://twitter.com/woonomic/status/1803926249036710234?t=XRLSPviC8LVRKupIpnaE7Q&amp;s=19"> hash rate</a> recovers.</p> 
<h2 class="wp-block-heading" id="h-bollinger-bands-indicator-signal-a-potential-surge">Bollinger Bands Indicator Signal a Potential Surge</h2> 
<p>Currently, the Bollinger Bands indicator is testing critical support levels on the 4 hour and daily charts. This suggests that Bitcoin’s price is at very low levels, historically preceding massive volatile moves.&nbsp;</p> 
<p>These moves can be as significant as 20-30% or even larger. So, while the sideways consolidation might seem bearish, it doesn’t necessarily signal the end of the bull market.</p> 
<p>According to experts, <a href="https://www.fxstreet.com/cryptocurrencies/news/bitcoin-keeps-consolidating-within-bullish-trend-video-202406201421">Bitcoin is </a><a href="https://www.fxstreet.com/cryptocurrencies/news/bitcoin-keeps-consolidating-within-bullish-trend-video-202406201421" target="_blank" rel="noreferrer noopener nofollow">technically</a><a href="https://www.fxstreet.com/cryptocurrencies/news/bitcoin-keeps-consolidating-within-bullish-trend-video-202406201421"> bullish</a> as long as it holds above the previous lows (around $60,000). If the price breaks below $56,000, discussions about the end of the bull market may begin.&nbsp;</p> 
<p>Bitcoin recently retested a previous support area, now acting as resistance around $67,000 to $68,000. A break below this level confirms it as new resistance. The volume profile indicator shows a massive cluster of traded volume in this range.&nbsp;</p> 
<p>The next significant volume support lies around $63,000 to $64,000. Liquidity is also building around $67,300 to $67,400. This signals potential revisits to this resistance area before any further upward movement.</p> 
<h2 class="wp-block-heading" id="h-savvy-investors-still-buying-bitcoin">Savvy Investors Still Buying Bitcoin</h2> 
<p>Despite the uncertainty, savvy investors continue to buy Bitcoin. MicroStrategy, led by Executive Chairman Michael Saylor, acquired an <a href="https://cryptonewsland.com/microstrategys-bitcoin-stash-grows-to-226331-btc-with-latest-786m-purchase/">additional 11,931 BTC for $</a><a href="https://cryptonewsland.com/microstrategys-bitcoin-stash-grows-to-226331-btc-with-latest-786m-purchase/" target="_blank" rel="noreferrer noopener">786</a><a href="https://cryptonewsland.com/microstrategys-bitcoin-stash-grows-to-226331-btc-with-latest-786m-purchase/"> million</a>. This strategic move brings their total Bitcoin holdings to 226,331 tokens, valued at nearly $15 billion.&nbsp;</p> 
<p>Additionally, financial advisors are increasingly interested in Bitcoin, with 98% aiming to increase clients’ crypto exposure. While the market remains uncertain, Bitcoin’s potential for growth and its role as digital gold continue to attract both cautious and bold investors.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/bitcoins-bollinger-bands-tighten-to-extreme-conditions/">Bitcoin’s Bollinger Bands Tighten to Extreme Conditions: A Historic Low</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inu-set-for-almost-500-surge-bulls-eye-0-00004-breakout/">Shiba Inu Set for Almost 500% Surge: Bulls Eye $0.00004 Breakout</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-btcs-stability-ethereum-eths-20-decline-and-furrever-token-furrs-695000-raise/">Bitcoin (BTC)’s Stability, Ethereum (ETH)’s 20% Decline, and Furrever Token (FURR)’s $695,000 Raise</a></li>
 <li><a href="https://cryptonewsland.com/dogecoin-analysis-technical-indicators-suggest-impending-breakout/">Dogecoin Analysis: Technical Indicators Suggest Impending Breakout</a></li>
 <li><a href="https://cryptonewsland.com/large-investors-accumulating-bitcoin-what-does-this-mean-for-the-price/">Large Investors Accumulating Bitcoin: What Does This Mean for the Price?</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/btc-bulls-expected-to-revisit-67000-levels-is-bitcoin-poised-for-a-massive-rally/">BTC Bulls Expected to Revisit $67,000 Levels: Is Bitcoin Poised for a Massive Rally?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

BTC Bulls Expected to Revisit $67,000 Levels: Is Bitcoin Poised for a Massive Rally?

Table of Contents

Crypto News Land

Muita 21. kesäk. 2024 julkaistuja artikkeleja

Bitcoin Spot ETFs Experience $140M Outflow Amid Five-Day Decline

ASI Alliance Partner SingularityNET’s CEO Showcases AI Uses Ahead Of $ASI Token Merger

Australian Man Receives Prison Sentence for Cyber-Enabled Identity Theft

XRP Prints Bullish Candle Formation as Altcoins Prints Bottom Amidst Oversold Call, Altseason Ste...

Missed Notcoin, Scoop 5 Top Tap-to-Earn Games For 100X Gold Rush

Trump Receives $2M Bitcoin Boost from Winklevoss Twins

Join our free newsletter for daily crypto updates!