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#BinanceTurns8 Join us for the celebration of #BinanceTurns8 and win a share of up to 888 888 $ in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_5OHMK
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#BinanceTurns8 Join us for the celebration of #BinanceTurns8 and win a share of up to 888 888 $ in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_5OHMK
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Towards a BTC above $160,000? Bitcoin on July 12
The BTC price is supported at $104,000 and soars beyond $112,000
The price of Bitcoin has spent several weeks hesitating around the level of $104,000. Between May and July, the price has consolidated below $110,000. But the king of cryptos has finally succeeded in breaking past $110,000, relying on the support zone at $104,000 and on the bullish 9 and 18 moving averages.
As long as the price maintains the support at $104,000 and the bullish 9 and 18 moving averages, it has the potential to progress. BTC is in good conditions to continue climbing, but a drop below the support and below the moving averages could be negative. Indeed, this bearish scenario could send the price below $100,000. Meanwhile, the RSI is evolving at the level of the bearish trendline. A break of the trendline would allow for a clearly bullish momentum in this timeframe.
Bitcoin emerges from its consolidation period by clearly breaking past $110,000. Additionally, the price has validated a “cup and handle,” which could send the king of cryptocurrencies above $160,000. For its part, Ethereum reaches the psychological round figure of $3,000.
THE BITCOIN NEWS THAT MATTERS
The price of Bitcoin has just exploded and surpassed $110,000. The king of cryptocurrencies continues to widen the gap with altcoins.
Emirates Airline partners with Crypto.com to enable crypto payments by 2026, targeting a young and connected clientele.
According to an expert, the price of Bitcoin could explode towards $150,000, driven by significant institutional demand.
In 18 months, Bitcoin spot ETFs have attracted over $50 billion in net inflows. A symbolic milestone that confirms institutional adoption of BTC.
#joinbinanceturns8
$BTC
#
The BTC price is supported at $104,000 and soars beyond $112,000
The price of Bitcoin has spent several weeks hesitating around the level of $104,000. Between May and July, the price has consolidated below $110,000. But the king of cryptos has finally succeeded in breaking past $110,000, relying on the support zone at $104,000 and on the bullish 9 and 18 moving averages.
As long as the price maintains the support at $104,000 and the bullish 9 and 18 moving averages, it has the potential to progress. BTC is in good conditions to continue climbing, but a drop below the support and below the moving averages could be negative. Indeed, this bearish scenario could send the price below $100,000. Meanwhile, the RSI is evolving at the level of the bearish trendline. A break of the trendline would allow for a clearly bullish momentum in this timeframe.
Bitcoin emerges from its consolidation period by clearly breaking past $110,000. Additionally, the price has validated a “cup and handle,” which could send the king of cryptocurrencies above $160,000. For its part, Ethereum reaches the psychological round figure of $3,000.
THE BITCOIN NEWS THAT MATTERS
The price of Bitcoin has just exploded and surpassed $110,000. The king of cryptocurrencies continues to widen the gap with altcoins.
Emirates Airline partners with Crypto.com to enable crypto payments by 2026, targeting a young and connected clientele.
According to an expert, the price of Bitcoin could explode towards $150,000, driven by significant institutional demand.
In 18 months, Bitcoin spot ETFs have attracted over $50 billion in net inflows. A symbolic milestone that confirms institutional adoption of BTC.
#joinbinanceturns8
$BTC
#
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