Is the Critical Period for Bitcoin Over? Important Developments and Possible Scenarios
Bitcoin has managed to gain upward momentum in recent days.
The positive process in the markets supports this.
More than $90 million in short positions have been liquidated in the futures market in the last 24 hours. Bitcoin price climbed above $60,000 into the third week of July, but can this continue? The largest cryptocurrency has excited traders once again after the geopolitical events over the weekend, with its gain reaching 10% since July 12. However, there is always a risk that the bulls may run out of steam at the hands of manipulative market entities or simply due to a lack of consistent bid demand; This week's Wall Street trading sessions will undoubtedly determine that. If $60,000 wasn't enough for Bitcoin bulls, BTC/USD continued to gain another 3.5% after the weekly close. An impressive $60,800, according to the latest data from TradingView. So far, $63,000 has been re-engaged
