Bitcoin is "very unlikely" to leave its trip to $29,000 as a fluke spike, one popular analyst says.
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Bitcoin ETF impulse fuels 'fantastic' $29K BTC price breakout
Bitcoin (BTC) hit $29,000 on June 21 as largescale buying fueled a fresh sentiment boost.
BTC/USD 1-hour chart. Source: TradingViewAnalyst: $29,000 becoming fakeout "very unlikely"
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $29,014 on Bitstamp — its highest since May 7.
The pair enjoyed continued buyer interest overnight, this coming on the back of multiple announcements concerning new Bitcoin-focused institutional investment products.
For analysts, who were previously concerned about overall market strength, the latest action was cause for a modest rethink.
“Fantastic BTC breakout beyond the multi-month downtrend,” popular trader and analyst Rekt Capital reacted.
Bitcoin miner Core Scientific files its Chapter 11 plan
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US lawmakers introduce National AI Commission Act
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Crypto firms tout 'fictitious' regulatory stamps, Canadian regulator warns
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Five US enforcement agencies form new digital currency anti-crime task force
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Polygon co-founder proposes zkEVM 'validium' upgrade to improve security
Mihailo Bjelic suggested that adding zero-knowledge proof technology could bolster the network’s security while still keeping fees low.
Polygon co-founder proposes zkEVM ‘validium’ upgrade to improve security
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Lack of bipartisan support on crypto regulation could make US ‘less attractive’ to firms: Moody’s
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Binance to implement Lightning Network nodes for enhanced Bitcoin transactions
Binance hopes to enable smooth BTC deposits and withdrawals while tackling network congestion issues.
Binance to implement Lightning Network nodes for enhanced Bitcoin transactions
Binance hopes to enable smooth BTC deposits and withdrawals while tackling network congestion issues.
Biden to discuss dangers of AI in San Francisco meeting with experts
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Czech automobile conglomerate Škoda Auto launches NFT platform
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Tether and Bitfinex pledge $100K grant for private operating system
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Deutsche Bank crypto plans aid Bitcoin price trip to $27.5K June highs
Bitcoin price performance nails its highest levels this month, but analysts are waiting for the weekly candle close.
Deutsche Bank crypto plans aid Bitcoin price trip to $27.5K June highs
Bitcoin (BTC) achieved new highs for the month after the June 20 Wall Street open as observers stayed cautious on market strength.
BTC/USD 1-day chart. Source: TradingView“No meaningful trend shift” for Bitcoin yet
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $27,499 on Bitstamp.
The pair saw its highest levels since May 31 as the return of United States market trading boosted its performance. Versus the prior day’s lows, gains totaled around 4.2%.
Despite this, wary market participants stopped short of calling even a low-timeframe trend shift.
“It's difficult to look for Daily breakout confirmation for BTC in the context of this blue Lower High diagonal resistance,” trader and analyst Rekt Capital commented alongside an explanatory chart.
Wall Street giants back EDX Markets, a new cryptocurrency exchange
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Crypto VC market flashes green amid macroeconomic recession alarms
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