Bitcoin

After Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) made a successful break of the psychologically important price level at $31,000, it is worth reflecting on its trends around the previous United States Independence Day, which indicate that the flagship decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">DeFi</a>) asset has grown its value by half over the past year.Indeed, on the last Fourth of July, <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> was changing hands at $20,230, and today its price stands at $31,037, which means that the maiden <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> has gained 53.42% in its price since that time, according to the data retrieved by Finbold on July 4.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/444eeacb9100403b8ccf9fbfb962bea9.png" />Bitcoin one-year price chart. Source: <a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">Finbold</a>As it happens, the latest price of Bitcoin indicates a 1.33% gain in the last 24 hours, an advance of 2.17% across the previous seven days, and a 14.04% increase on its monthly chart as it moves the general <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">crypto market</a> sentiment upwards.<h2 id="header-0">What’s next for Bitcoin</h2>For now, Bitcoin has started to consolidate its gains, as observed by <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto trading</a> expert Michaël van de Poppe, who has also noted that Bitcoin needed to cross the $32,500 threshold for the actual <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullish</a> acceleration to happen, according to his <a href="https://twitter.com/CryptoMichNL/status/1676128862197932032" rel="noopener noreferrer nofollow">tweet</a> on July 4.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9b0a32e591c64952a173bfc382ef0633.png" />Bitcoin price action analysis. Source: <a href="https://twitter.com/CryptoMichNL/status/1676128862197932032" rel="noopener noreferrer nofollow">Michaël van de Poppe</a>At the same time, pseudonymous <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> analyst Moustache, also known as el_crypto_prof, has argued that Bitcoin is facing its next major <a href="https://finbold.com/guide/support-and-resistance/" rel="noopener noreferrer nofollow">resistance</a> at $60,000 and that “things are looking really good,” judging from a standpoint <a href="https://twitter.com/el_crypto_prof/status/1675891007685099521" rel="noopener noreferrer nofollow">shared</a> on July 3.Earlier, the same expert <a href="https://twitter.com/el_crypto_prof/status/1675791786017472512" rel="noopener noreferrer nofollow">observed</a> several indicators, including the confirmation of the 2-week buy signal, successful retest from the breakout, and moving average convergence divergence (<a href="https://finbold.com/guide/macd-indicator/" rel="noopener noreferrer nofollow">MACD</a>) <a href="https://finbold.com/bitcoin-macd-turns-green-on-the-monthly-chart-signalling-start-of-a-bull-market/" rel="noopener noreferrer nofollow">crossing</a> above the ‘0’ level, all pointing at “a big move coming for BTC,” following a similar pattern from 2015, 2019, and 2020.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>.

Celebrating Fourth of July: Bitcoin up 53% since 2022 U.S. Independence Day

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