(7/26, Mon) btc might have risen over $35k probably due to Amazon's plan to accept bitcoin payment

in #btc3 years ago (edited)

Yesterday(7/25 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $34253, its lowest as $33875, its highest as $35433, its closing as $35392. Bitcoin started declining on Sunday and reached a low at 01:45, then fluctuated around $34,300 before starting a veil, peaking at 23:45, and ending with a final 3.3% gain.

Weekly, btc rose 11.4%, showing an increase of more than 10% in three months, and the dominance also rose to 47.04. Also, the weekly chart showed a brief decline below the 50MA and then a rebound, further raising expectations for further upside. Ethereum also rose 16.0% weekly, and a further rise in altcoins is expected.

Looking at the 4-hour chart, the rising angle has risen close to 45 degrees since 7/20, when it fell below 30k, which is common in bull markets. The daily chart showed an increase in trading volume for 5 consecutive days, but it would be good if the trading volume would be added more. Also, on the monthly chart, based on yesterday's closing price, it turned to an uptrend for the first time since a drop in the past three months, it is also important to maintain this sentiment for the remaining 6 days.

There is a big good news(or rumors) in the cryptocurrency market, and according to Cointelegraph, a British media quoted an anonymous source that Amazon will advance into cryptocurrency payments using bitcoin. As everyone knows, Amazon's sales are enormous, and if payments are made with bitcoin and other cryptocurrencies, this would be better news than the approval of a bitcoin ETF that could send bitcoin to the moon.

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