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Bitcoin (BTC) Price Prediction for July 14
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Buyers proved more powerful than sellers on the last day of the week, Bloomberg reported. CoinMarketCap.
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BTC/USD Exchange Rate
Bitcoin (BTC) rate has increased by 1.70% since yesterday. Over the past week, the price has increased by 4.48%.
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Despite today’s increase, the bulls are having a hard time holding on to the initiative. If the situation does not change until the end of the day, a test of the $59,000 zone can be expected tomorrow.
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In the larger time frame, BTC rate bounced off the $60,430 resistance. If the daily bar closes away from it and below the vital $60,000 zone, there is a possibility of a correction to the $58,000-$58,500 area next week.
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From a medium-term perspective, the weekly bar is about to close bullish. However, the price has not accumulated enough energy for a bull run.
In this case, the most likely scenario is a consolidation in the $58,000 to $60,000 zone.
At press time, Bitcoin is worth $59,729.
About the author
Denys Serhiichuk
With over 5 years of trading, Denys has a deep understanding of both technical and fundamental market analysis. Mainly, he started his own blog on TradingView, where he posts all the relevant information and makes predictions on the major coins.
Therefore, his experience is supported by work in major blockchain-related companies such as W12, Platinum Listing, ATB Coin and others; he can be reached at denys.serhiichuk@u.today.