Bitcoin Markets

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Community for discussion of Bitcoin trading

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Trading chat - July 2023 (self.bitcoinmarkets)
submitted 1 year ago by bittabet to c/bitcoinmarkets
 
 

Posts about trading or market ideas for July go here.

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Bitcoin starts the first week of July with a sigh of relief for traders as $30,000 support holds.

BTC price action refuses to succumb to bears after 20% gains in Q2, with weekly and monthly timeframes looking strong. What’s next?

A quiet week is expected on TradFi markets, with Wall Street gearing up for the Independence Day holiday and little in store in terms of United States macroeconomic data.

Bitcoin thus needs volatility triggers from elsewhere if bulls are to have a shot at breaching resistance in place for several months.