Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Bulls
Try to Defend $63K
as Major Altcoins Consolidate (Market
Watch)
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Bulls Try to Defend $63K as Major Altcoins Consolidate (Market Watch)
Author: George Georgiev
Last Updated Jul 2, 2024 @ 08:46
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin bulls were unable to maintain the momentum and are now fighting to
defend the $63K level.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s price has been unable to maintain yesterday s bullish
momentum, and now the buyers are trying to defend the $63K level. The broader
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market is also in a state of consolidation, and it s
interesting to see what the next direction will be.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Bulls Try Defending $63K
As seen in the chart below, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s price has so far been unable to
maintain its position above $63K and has currently lost this level, trading at
around $62,600. Source: TradingView
At the time of this writing, BTC charts a decline of about 0.3% in the past 24
hours but remains up 3.2% during the last week.
As CryptoPotato reported yesterday, the German government moved closed to $100
million worth of BTC to exchanges, signaling the potential intent to sell.
This may have played a role in the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта s failure to
capitalize on the uptick and produce a stronger uptrend.
However, analysts remain optimistic that July will be a positive month as this
has been a historic pattern following declines in June.
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Altcoins Consolidate
The majority of large-cap altcoins are also in a state of consolidation. Only
a handful are charting more notable moves.
For instance, AVAX is down 5.6%, UNI is down 3.05 and these are the worst
performers out of the larger coins. On the other hand, TON managed to increase
by 4%, while ADA is charting gains of 2.6%.
The remaining altcoins are trading mostly flat on the day. Source: Quantify
Crypto
It s been a period of relative stability in the market, and there
aren t a lot of categories that are performing out of the ordinary.
That said, it s interesting to see if the market will resolve to the
upside following the recent uptick in prices or if a further correction is in
play.
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Cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта charts by TradingView.
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