Bitcoin traders are increasingly betting on a fresh surge coming next.
BTC/USD annotated chart. Source: Michaël van de Poppe/Twitter
Others continued a narrative calling for lower levels to reappear in the second half of 2023, after a midterm top. As Cointelegraph reported, an increasingly popular target for the year’s highs“The more time than passes with Bitcoin holding above $25,000 on the macro level, the more i am leaning towards a macro bottom being in,” popular trader Crypto Tony“I still believe we see a bigger drop later this year, but likely to be a part of a bigger accumulation zone.
According to Glassnode, the data stands out, “with only 130 / 5263 trading days recording a larger monthly position change.”Bitcoin Shrimp Net Position Change annotated chart. Source: Glassnode/TwitterThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin (BTC) Price Analysis for July 2Can the rate of BTC keep rising next week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
Read more »
Bitcoin traders torn between breakout and $28K dip as BTC price stallsBitcoin traders are split over direction as BTC price moves trend sideways.
Read more »
BlackRock Re-Files for Bitcoin Spot ETF as BTC Price Approaches 2023 HighBlackRock has refiled for a Bitcoin spot exchange-traded fund (ETF), raising the stakes in the race among financial giants
Read more »
Miners send millions to exchanges — 5 things to know in Bitcoin this weekBitcoin faces miner sales and profit-taking with BTC price struggling to head higher.
Read more »
These Small BTC Whales Continue to Buy Bitcoin Aggressively: ReportRecently published report shows that small-sized whales are monthly grabbing massive amounts of Bitcoin
Read more »
First Mover Asia: Bitcoin Crosses $31K After Spot BTC ETF Issuers Begin RefilingBitcoin began Tuesday's Asia business day at $31,153 as the world’s largest digital asset rallied on Monday after prospective spot BTC ETF issuers re-filed their applications. ALSO: The first half of 2023 has been good for majors. By TheSamReynolds
Read more »