Skip to main content

Posts

Showing posts with the label 1. #Cryptocurrency 2. #BitcoinPrice 3. #MarketVolatility 4. #BTC 5. #DeFi 6. #CryptoTrading 7. #AltSeason 8. #BTCHalving

3 things that can spoil a potentially bullish July for Bitcoin

Mt. Gox Repayments: The long-awaited repayment of creditors from the infamous Mt. Gox hack is expected to take place in July. This could result in a significant influx of Bitcoin (BTC) into the market, potentially causing a downward pressure on its price. Traders should keep an eye on this development as it could have a major impact on the overall market sentiment. Bull Pennant Breakdown: The recent rally in BTC price has formed a "bull pennant" pattern on the charts. This is a bullish continuation pattern that suggests a potential upside breakout. However, with the Mt. Gox repayments looming, there is a possibility of a breakdown from this pattern. Traders should closely monitor the price action and consider taking profits or adjusting their positions accordingly. Crypto Tickers and Trending Hashtags: As always, it is important to keep an eye on the latest crypto tickers and trending hashtags to stay updated with the market sentiment. Some of the top trending hash...