Bitcoin

Material

You can also read this news on COINTURK NEWS: <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> 
<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"> 
<h5>The post first appeared on COINTURK NEWS: <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></h5>
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

Table of Contents

COINTURK NEWS

Muita 30. heinäk. 2024 julkaistuja artikkeleja

BlackRock Issues Urgent Warning Over Rising Crypto Scams Targeting ETF Investors

What to Expect This Week as Bitcoin’s Dominance Approaches a 3-Year Peak

Chainlink Join Hands With Wenia to Boost Transparency of Colombian Peso-Backed Stablecoin

Trump Supports Major Bitcoin Bill

SEC sues BitClout founder Al-Naji, reveals he’s been feeding investors with lies

OpenAI Rolls Out New Advanced Voice Mode for ChatGPT

Join our free newsletter for daily crypto updates!