Cryptocurrency
Bitcoin Struggles to Reclaim $65,000 Amid Analysts' Concerns
Friday. July 19 at 7:30 AM
1 min. readBitcoin faced challenges in surpassing the $65,000 mark on July 18, a crucial level according to analysts. Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin's price remained stable during the Asia trading session and Wall Street opening. After hitting $66,000 the previous day, BTC/USD tested its recent gains, with short-term holders closely monitoring the price action. Analysts like Rekt Capital emphasized the importance of firm support confirmation for Bitcoin, warning of potential rejection if the $65,000 level is not breached. Despite concerns, traders like Scott Melker and XForceGlobal expressed optimism for a bullish trend continuation, citing positive signals and technical analysis. DecenTrader's proprietary indicator also signaled a bullish trend, marking the first green signal since February. Investors are advised to exercise caution and conduct thorough research before making any investment decisions.