Bitcoin gives ‘encouraging signs’ — Watch these BTC price levels next
— Opinions expressed, Omnipresent among, Traders, Adding, Trading suite decentrader, Shifted higher since wicking, Trading range — 1 min read
Bitcoin (BTC) hit local highs of $21,425 on Bitstamp on June 24 as optimism crept back into traders’ forecasts. At just above the crucial 200-week moving average (WMA), $23,000 formed a popular upside target for commentators — and sellers. Altcoins stole the show on low timeframes as the week came to a close, with only UNUS SED LEO (LEO) bucking trend, trading down 5.8% at the time of writing. ETH/USD could hit $1,500 “during the coming weeks,” Cointelegraph contributor Michaël van de Poppe said in a separate update, adding that the market was “encouraging for the bulls” Source