In recent weeks, the world’s leading financial companies spot Bitcoin ETF to make applications bitcoin And altcoinignited the rally.
BTC As the bulls break $31,000, it is trying to surpass the next target of $32,000.
While technical indicators point to the rise in Bitcoin, experts also think that a daily close above $31,000 is important to keep Bitcoin’s uptrend stable.
In this context, experts stated that if BTC maintains an important support of $ 31,000, investors will continue to buy Bitcoin, which means that the rise will continue.
Popular data platform evaluating the rise in Bitcoin centimentInvestor confidence has increased significantly and investors BTC He said he continues to accumulate.
However, Santiment warned that this could mean a fix.
“Bitcoin is attempting to break $31,300 as it shows signs of confidence and more accumulation by investors.
In BTC, the profits of investors are a little high. That means there may be a cooling off.”
😮 #Bitcoin is making a run at breaking $31.3k as key stakeholders show confidence and more accumulation signs. Trader profits for $BTC are a bit on the high end, which implies there could be a cooldown. #altcoins like $UNI & $SHIB have tremendous #FUD. https://t.co/1bIwnEMpl2 pic.twitter.com/EjmyE9UG0f
— Santiment (@santimentfeed) July 3, 2023
centiment bitcoin Investors are waiting for BTC to break above $32,000.
At this point, BTC breaking $32,000 may be a sign that Bitcoin will continue to rise.
Experts state that a break above $32,000 could open the way for BTC to $38,000, while a possible break below $31,000 means the bulls have admitted defeat and the bears bitcoin He said he could lower the price to under $30,000.
Bitcoin continues to be traded at $31,000 at the time of writing.
*Not investment advice.
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