2024

Bitcoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-begins-q3-2024-with-significant-surge/" data-wpel-link="internal">Bitcoin Begins Q3 2024 with Significant Surge</a><br></p>
<p class="p1" style="text-align: justify">As bulls aim to regain lost ground while heading to all-time highs, <a href="https://en.coin-turk.com/bitcoin-price-analysis-can-btc-break-the-critical-27500-level/" data-wpel-link="internal">Bitcoin</a> starts Q3 2024 with a significant surge. With the weekly, monthly, and quarterly totals seeing the $60,000 support holding, Bitcoin’s price strength temporarily returns. As of the time of writing, Bitcoin gained 4% in 24 hours, but it still has work to do to continue the bull market.</p> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-on-the-bitcoin-front">What’s Happening on the Bitcoin Front?</h2> 
<p class="p1" style="text-align: justify">A series of gains at the end of June helped Bitcoin achieve a promising close above $62,500 weekly, monthly, and quarterly. According to data from TradingView, the BTC/USD pair reached local highs of $63,724 on centralized exchanges before consolidating in a decline.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-366792 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-1s.webp" alt="" width="1634" height="849"></p> 
<p class="p1" style="text-align: justify">Figures from <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data analysis</a> platform CoinGlass confirmed a 7% loss in June, with Bitcoin ending Q2 with a total decline of 12%. Looking ahead, market participants remain cautious, with much room for sentiment improvement.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-366791 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btcusd.webp" alt="" width="1372" height="756"></p> 
<p class="p1" style="text-align: justify">According to Keith Alan, co-founder of the trade source Material Indicators, Bitcoin has made a nice rise from low levels but currently lacks the momentum for bulls to close above the 21-Week Moving Average.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-366790 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/grafik.webp" alt="" width="1634" height="849"></p> 
<h2 class="p1" style="text-align: justify" id="warning-from-a-famous-name">Warning from a Famous Name</h2> 
<p class="p1" style="text-align: justify">Meanwhile, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">popular investor</a> Daan Crypto Trades highlights the large gap in CME Group Bitcoin futures opened thanks to the weekend’s rise. Starting at $60,400, this now represents the largest gap we’ve had in a long time:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“The gap below can be closed, but as we speak, the price is quite far, so don’t give it too much value. If the market wants to escape, weekend moves/gaps are a perfect time to do so. We’ve seen such gaps form before and never close or close months/years later.”</p> 
</blockquote> 
<p class="p1" style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-366789 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-yorum.jpg" alt="" width="1132" height="765"></p> 
<p class="p1" style="text-align: justify">Meanwhile, a look at order book liquidity shows that prices have seen multiple liquidity hunts until July, with $64,100 currently being a significant area of interest.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-366786 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-liq.png" alt="" width="1408" height="770"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-begins-q3-2024-with-significant-surge/" data-wpel-link="internal">Bitcoin Begins Q3 2024 with Significant Surge</a></h5>

Bitcoin Begins Q3 2024 with Significant Surge

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