goozerin on Nostr: Bitcoin Price (BTC) Gallops Towards $66,000, One-Month High Within Reach š ...
Bitcoin Price (BTC) Gallops Towards $66,000, One-Month High Within Reach š
BTC continues its climbing spree. As data from CoinTelegraph Markets Pro and TradingView indicate, the leading cryptocurrency is nearly reaching a one-month high in its ongoing ascent.
With a daily gain of over 2.5%, Bitcoin continues to surprise market participants after being trapped in a weakening sideways movement in the previous weeks. š
"The IBIT (Bitcoin ETF) started trading at 09:30 AM and within minutes, Bitcoin surged past $64,000 and then even $65,000," Charles Edwards, founder of crypto analysis firm Capriole Investments, commented on X. Meanwhile, data from CoinGlass shows that Bitcoin continues to absorb liquidity on the upside. šø
Consequently, it's tough times for short positions, as liquidations for these have already totaled nearly $170 million in the last 24 hours. ā”
"In the four-hour chart, BTC is taking another run after a brief sideways movement," observes crypto trader Cheds. Signs are accumulating. š
QCP Capital's analysts are similarly optimistic, increasingly confirmed that Bitcoin has temporarily concluded its recent downtrend. š
"The price action this week has been quite resilient, especially considering the repayments from Mt. Gox and the faltering stock market," the experts explain to their followers. QCP adds that funding rates for perpetual futures are almost flat again, while "volume decreases and BTC climbs back into the familiar price range of $61,000 - $71,000 that was the benchmark in Q2."
#bitcoin #chart #invest #money #crypto #coins
BTC continues its climbing spree. As data from CoinTelegraph Markets Pro and TradingView indicate, the leading cryptocurrency is nearly reaching a one-month high in its ongoing ascent.
With a daily gain of over 2.5%, Bitcoin continues to surprise market participants after being trapped in a weakening sideways movement in the previous weeks. š
"The IBIT (Bitcoin ETF) started trading at 09:30 AM and within minutes, Bitcoin surged past $64,000 and then even $65,000," Charles Edwards, founder of crypto analysis firm Capriole Investments, commented on X. Meanwhile, data from CoinGlass shows that Bitcoin continues to absorb liquidity on the upside. šø
Consequently, it's tough times for short positions, as liquidations for these have already totaled nearly $170 million in the last 24 hours. ā”
"In the four-hour chart, BTC is taking another run after a brief sideways movement," observes crypto trader Cheds. Signs are accumulating. š
QCP Capital's analysts are similarly optimistic, increasingly confirmed that Bitcoin has temporarily concluded its recent downtrend. š
"The price action this week has been quite resilient, especially considering the repayments from Mt. Gox and the faltering stock market," the experts explain to their followers. QCP adds that funding rates for perpetual futures are almost flat again, while "volume decreases and BTC climbs back into the familiar price range of $61,000 - $71,000 that was the benchmark in Q2."
#bitcoin #chart #invest #money #crypto #coins