Bitcoin price It jumped to $60,400, reaching its highest level in the last 10 days, and is stalling at $59,900. After a long downward spiral, Germany’s assets available for sale have been depleted and the latest inflation data has also come back positive. So will cryptocurrency investors be happy now? What do current market estimates indicate for crypto?
Bitcoin Rising
BTC has risen to $60,400 and the assassination attempt against Donald Trump seems to be the reason for the price increase as it will have a positive impact on his election campaign. Moreover, this month Trump Bitcoin He will attend an event for and is expected to say some new things and even make statements about his term after being elected President. If he takes a position that directly targets the SEC, this will create serious bullish expectations for the crypto. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Popular crypto analyst Crypto Tony noted the unusual performance over the weekend and claimed that this was the footsteps of a rally.
“For the bulls, it would be great to reclaim $60,500 today. If we can do that, it would be a real sign of strength.”
Rekt Capital wrote the following;
“Bitcoin“Bitcoin needs to reclaim and hold $60,600 as support. It’s roughly 1.5% away from it now. Bitcoin has 24 hours to do so to maintain its Reaccumulation Range.”
Cryptocurrencies Prediction
CME Group Bitcoin futures have a 5 percent gap. If stocks do not suffer a serious decline due to Trump and ETF investors interpret this development, which was read in favor of crypto on Sunday, in the same way BTC price We may see the increase continue. There is no major development on the macroeconomic front in the coming days, but whether Powell says anything new on Monday may be decisive.
Analyst with the pseudonym Daan Crypto Trades drew attention to the bear trap;
“Still a weekend move, but if there’s a place to just get away and keep many market participants on the sidelines, I couldn’t think of a better spot to do it. Anyway, liquidity/volumes are relatively low and it’s not yet clear how stocks will open tomorrow.”
The recovery from the 200-day moving average at $59,207 is supportive of the comeback hopes.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
