Bitcoin

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Bulls are trying to come back to the game, according to <a href="https://u.today/notcoin-not-price-prediction-for-july-10" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="d5e424a8-993e-4175-ae40-8b8492d7c9bf" src="https://u.today/sites/default/files/inline-images/top10_1229.png">BTC chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has risen by 2.23% over the past 24 hours. <img data-entity-type="file" data-entity-uuid="342fbe29-57cb-47a5-9ed5-8c19f348c142" src="https://u.today/sites/default/files/inline-images/btc1_208.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of BTC might have set a local resistance level of $59,516. As most of the daily ATR has been passed, there are low chances to expect any sharp moves by the end of the day.&nbsp;
However, if the bar closes near $59,500, the ongoing upward move may continue tomorrow. <img data-entity-type="file" data-entity-uuid="ea6b7b01-e263-4e67-943b-613c5ded0b24" src="https://u.today/sites/default/files/inline-images/btc2_189.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A similar picture can be seen on the bigger time frame. Buyers are trying to seize the initiative after yesterday's bearish closure. If they manage to do that, traders may witness a test of the vital mark of $60,000 shortly. <img data-entity-type="file" data-entity-uuid="d9df09ab-cd61-49fc-8639-a4871d108df7" src="https://u.today/sites/default/files/inline-images/btc3_187.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly chart, it is too early to think about a quick reversal as the price of BTC has not accumulated enough energy yet. In this case, sideways trading between $57,000 and $60,000 is the more likely scenario.
Bitcoin is trading at $59,027 at press time.

Bitcoin (BTC) Price Prediction for July 11

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U_Today

Інші статті, опубліковані 11 лип. 2024 р.

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