Bitcoin could close the week on the rise
Thanks to a slight boost in the price of Bitcoin this Monday, analysts suggest that the cryptocurrency could close the week with an upward trend
This week could be positive for Bitcoin, the main cryptocurrency on the market, after a positive boost in its price this Monday that makes analysts think that it will reach $69,000.
The fluctuation in the price of Bitcoin in recent months, and the downward trend in recent weeks, keeps investors and traders on edge.
At the close of July 21, the price of the cryptocurrency was $67,000, which is seen as an “explosive” movement by analysts, who consider the movement as an indication of possible gains of 10 %.
Immediately after Joe Biden, President of the United States, announced his exit from the presidential race, Bitcoin fell to a low of $65,800. However, it recovered over the next eight hours, according to TradingView data, gaining more than 3.6 %.
M.Pino
Source: cointelegraph
(Reference image source: Michael Förtsch in Unsplash)
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