Expectations for the fourth week of July in the cryptocurrency market are beginning to become clearer. According to weekly assessments shared by eight technical analysis experts, the vast maj
Expectations for the fourth week of July in the cryptocurrency market are beginning to become clearer. According to weekly assessments shared by eight technical analysis experts, the vast majority of analysts believe Bitcoin (BTC) will continue its upward trend this week. Seven out of eight experts expect prices to rise, while only one analyst presented a bearish scenario.
Experts’ target prices for Bitcoin range between $61,000 and $70,000. The most optimistic expectation points to the $70,000 level, while the most cautious forecast suggests the price could fall to $61,000.
Analysts expecting an uptrend note that despite Bitcoin moving within a narrow price range in recent weeks, it has maintained critical support levels and the technical outlook is beginning to strengthen.
Some experts emphasize the importance of maintaining the $63,000 level, while a weekly close above $67,000 could trigger a new upward wave. In this scenario, the $70,000 level could be retested.
The only analyst who expressed a bearish outlook argues that the key factors determining Bitcoin’s direction will be market uncertainties and regulatory developments. According to this analyst, the wide price range between $43,000 and $76,000 has not yet ended, and downside risks have not completely disappeared.
*This is not investment advice.
Continue Reading: Weekly Bitcoin Outlook: 7 out of 8 Analysts Predict an Uptrend! Here are the Details
