Bitcoin

<a href="https://finbold.com/massive-adoption-alert-blackrocks-ceo-once-said-zero-clients-interested-in-crypto/" rel="noopener noreferrer nofollow">Institutional adoption</a> hopes sparked a broader <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">crypto market</a> rally, propelling Bitcoin’s (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) price above the $30,000 mark earlier this month.Now, the leading crypto asset may be ready to make its next big upswing, according to crypto market expert Ali Martinez.Specifically, Martinez <a href="https://twitter.com/ali_charts/status/1674702366241705987?s&#61;20" rel="noopener noreferrer nofollow">noted</a> that Bitcoin has returned above a stable support level after 1.84 million investors purchased around 910,000 BTC in the price range from $29,930 to $30,800.If Bitcoin manages to stay above this demand area, “it has a good chance of advancing toward $35,000 due [to] the lack of resistance ahead,” said Martinez on June 30, citing on-chain data by the <a href="https://finbold.com/topic/blockchain/" rel="noopener noreferrer nofollow">blockchain</a> intelligence platform IntoTheBlock.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/098ac16b3f1948e6b7028bd08177eb87.PNG" /><h2 id="header-0">Over 86% of Bitcoin investors at a profit</h2>The data also shows that 7.68 million <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> addresses who bought Bitcoin between $26,156 and $35,459 are currently ‘in the money,’ meaning their BTC investments are profitable. In percentage terms, this figure stands at 86.16%.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2b6947da0a864a1ca0c48c8aa9a354a6.jpg" />Bitcoin in/out money data. Source: IntoTheBlockAt the same time, over 1.20 million investors, or 13.62%, are at a loss, while 0.22% are at a break-even level.<h2 id="header-1">Bitcoin price analysis</h2>At press time, the price of Bitcoin was changing hands at $31,054, up 1.36% in the past 24 hours.Over a weekly chart, the world’s biggest crypto asset rose by more than 3%, and over 11.3% on the month.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3a237e93cd4c498fa1dda3088e462a13.jpg" />BTC 1-month price chart. Source: FinboldYear-to-date, BTC is up over 86%, driven by an impressive broader market rebound following a harsh crypto winter in 2022.With the latest price surge, Bitcoin has broken above “the most important” resistance level <a href="https://twitter.com/rovercrc/status/1674749875668529153?s&#61;20" rel="noopener noreferrer nofollow">highlighted</a> by popular crypto YouTuber Crypto Rover.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f2f29380771c4aa9b23a8f0660e57b2b.PNG" />Piercing through this key <a href="https://finbold.com/guide/support-and-resistance/" rel="noopener noreferrer nofollow">resistance</a> level, which stands at around $30,900, suggests a <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullish</a> sentiment and potentially indicates a shift in market dynamics.It could lead to increased buying pressure as traders perceive the breakout as a positive signal, potentially driving the BTC price even higher in the short term.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Bitcoin poised to attack $35,000 amid ‘lack of resistance’

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