Bitcoin Gains 53% Since Last Year’s Fourth of July
Bitcoin has seen significant growth over the past year, with its value increasing by 53.42% since last year’s Fourth of July. On July 4, 2022, Bitcoin was trading at $20,230, and today it stands at $31,037. This recent price increase is part of a larger upward trend for the cryptocurrency.
Key points:
– Bitcoin’s price has seen a 1.33% gain in the last 24 hours, a 2.17% increase over the previous seven days, and a 14.04% rise on its monthly chart.
– Crypto trading expert Michaël van de Poppe suggests that for Bitcoin’s bullish acceleration to continue, it needs to surpass the $32,500 threshold.
– Another analyst, Moustache (el_crypto_prof), believes that Bitcoin’s next major resistance level is at $60,000.
– Various indicators, such as the confirmation of a 2-week buy signal and successful retest from a breakout, suggest a significant move coming for Bitcoin.
Hot Take: Bitcoin’s continued growth and positive market sentiment indicate a promising future for the cryptocurrency. However, it’s important to remember that investing in Bitcoin carries risks, and professional advice should be sought before making any investment decisions.
Continue reading on Finbold.com
By
By
By
By