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The Sandbox The Sandbox (SAND) $0.29 ↓ -3.79%
Pyth Network Pyth Network (PYTH) $0.12 ↓ -4.06%
Ripple USD Ripple USD (RLUSD) $1.00 ↓ -0.01%
Bitcoin Bitcoin (BTC) $115,571.54 ↓ -2.31%
Ethereum Ethereum (ETH) $4,350.62 ↓ -4.10%
XRP XRP (XRP) $3.00 ↓ -4.00%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.04%
BNB BNB (BNB) $839.20 ↓ -2.05%
Solana Solana (SOL) $183.07 ↓ -4.79%
USDC USDC (USDC) $1.00 ↑ 0.04%
Dogecoin Dogecoin (DOGE) $0.22 ↓ -4.17%
TRON TRON (TRX) $0.35 ↓ -0.84%
Cardano Cardano (ADA) $0.91 ↓ -5.56%
Chainlink Chainlink (LINK) $25.57 ↑ 2.76%
Hyperliquid Hyperliquid (HYPE) $43.79 ↓ -6.53%
Stellar Stellar (XLM) $0.41 ↓ -4.62%
Sui Sui (SUI) $3.59 ↓ -5.89%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.01%
Bitcoin Cash Bitcoin Cash (BCH) $566.15 ↓ -3.96%
Hedera Hedera (HBAR) $0.25 ↓ -3.94%
Avalanche Avalanche (AVAX) $24.03 ↓ -2.73%
Litecoin Litecoin (LTC) $118.39 ↓ -2.98%
UNUS SED LEO UNUS SED LEO (LEO) $9.48 ↓ -0.56%
Toncoin Toncoin (TON) $3.38 ↓ -2.93%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -3.52%
Uniswap Uniswap (UNI) $10.50 ↓ -5.34%
Polkadot Polkadot (DOT) $3.94 ↓ -2.99%
Dai Dai (DAI) $1.00 ↑ 0.00%
Bitget Token Bitget Token (BGB) $4.51 ↓ -3.31%
Monero Monero (XMR) $271.75 ↑ 3.21%
Cronos Cronos (CRO) $0.15 ↓ -4.59%
Pepe Pepe (PEPE) $0.00 ↓ -4.37%
Ethena Ethena (ENA) $0.68 ↓ -4.79%
Aave Aave (AAVE) $291.53 ↓ -4.18%
Mantle Mantle (MNT) $1.26 ↓ -2.20%
Bittensor Bittensor (TAO) $355.06 ↓ -6.40%
Ethereum Classic Ethereum Classic (ETC) $21.60 ↓ -4.32%
NEAR Protocol NEAR Protocol (NEAR) $2.61 ↓ -5.40%
Aptos Aptos (APT) $4.65 ↓ -3.58%
Ondo Ondo (ONDO) $0.96 ↓ -5.16%
Internet Computer Internet Computer (ICP) $5.34 ↓ -3.43%
Pi Pi (PI) $0.36 ↓ -6.67%
Arbitrum Arbitrum (ARB) $0.52 ↓ -0.57%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.25 ↑ 1.73%
OKB OKB (OKB) $119.92 ↑ 2.48%
Kaspa Kaspa (KAS) $0.09 ↓ -4.32%
Algorand Algorand (ALGO) $0.26 ↓ -4.36%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.01%
GateToken GateToken (GT) $17.24 ↓ -3.47%
Cosmos Cosmos (ATOM) $4.49 ↓ -3.59%
VeChain VeChain (VET) $0.02 ↓ -5.39%
Pudgy Penguins Pudgy Penguins (PENGU) $0.03 ↓ -3.68%
Sei Sei (SEI) $0.33 ↓ -3.81%
Render Render (RENDER) $3.78 ↓ -5.36%
Bonk Bonk (BONK) $0.00 ↓ -6.46%
Worldcoin Worldcoin (WLD) $0.96 ↓ -4.47%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.04 ↓ -3.36%
Story Story (IP) $5.72 ↓ -1.78%
Flare Flare (FLR) $0.02 ↓ -1.47%
Filecoin Filecoin (FIL) $2.49 ↓ -3.10%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.69 ↓ -3.37%
KuCoin Token KuCoin Token (KCS) $12.41 ↓ -6.18%
Sky Sky (SKY) $0.07 ↓ -5.03%
Jupiter Jupiter (JUP) $0.50 ↓ -3.79%
Injective Injective (INJ) $14.87 ↓ -1.19%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.01%
Four Four (FORM) $3.75 ↑ 0.00%
XDC Network XDC Network (XDC) $0.08 ↓ -1.42%
SPX6900 SPX6900 (SPX) $1.45 ↓ -6.44%
Celestia Celestia (TIA) $1.77 ↓ -3.99%
Optimism Optimism (OP) $0.74 ↓ -2.86%
Quant Quant (QNT) $106.91 ↓ -2.43%
Stacks Stacks (STX) $0.69 ↓ -4.51%
Curve DAO Token Curve DAO Token (CRV) $0.88 ↓ -0.85%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.02%
Lido DAO Lido DAO (LDO) $1.30 ↓ -5.54%
Aerodrome Finance Aerodrome Finance (AERO) $1.32 ↓ -6.77%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -5.80%
Immutable Immutable (IMX) $0.56 ↓ -4.83%
FLOKI FLOKI (FLOKI) $0.00 ↓ -4.32%
The Graph The Graph (GRT) $0.09 ↓ -3.69%
PAX Gold PAX Gold (PAXG) $3,340.67 ↑ 0.24%
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Raydium Raydium (RAY) $3.40 ↓ -8.96%
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Home Cryptocurrency

Bitcoin Hits $68k Following Trump Bitcoin Speech

Salar Khan by Salar Khan
28 July 2024
in Cryptocurrency
Reading Time: 3 mins read
0
Bitcoin Hits $68k: Anticipation Builds for Trump Bitcoin Speech

Bitcoin Hits $68k: Anticipation Builds for Trump Bitcoin Speech

Bitcoin enthusiasts have much to celebrate as the leading cryptocurrency has seen a notable rise, reaching $68,000 after trading below $65,000. This surge is driven by several factors, including technical indicators, increased investor confidence, and the highly anticipated Trump Bitcoin speech at the upcoming Bitcoin Conference 2024.

Table of Contents

Toggle
  • Breaking Through Resistance Levels
    • YOU MAY BE INTERESTED
    • Solana Price Eyes Momentum Ahead of 2025 Alpenglow Governance Vote
    • Ethereum Near $4,400 Sparks Debate Over Next Big Rally
  • Anticipation for the Trump Bitcoin Speech
  • Bullish Trends and Investor Confidence
  • What’s Next for Bitcoin?

Breaking Through Resistance Levels

Bitcoin’s recent performance has captured the attention of the financial world. After dipping to $63,506.36, the cryptocurrency made a strong comeback, breaking through resistance levels to reach $67,800. This upward move is noteworthy as Bitcoin had been struggling to stay above the $65,000 mark for some time.

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The hourly chart reveals encouraging signs for Bitcoin’s future. Smaller moving averages, such as the 20 and 50-hour lines, have crossed above the larger 100 and 200-hour averages. This crossover is a classic bullish indicator, suggesting that Bitcoin’s price could continue to rise. Regular small corrections every few hours also indicate a healthy market pattern, preventing a larger, more abrupt correction.

Bitcoin Hits $68k: Anticipation Builds for Trump Bitcoin Speech
Bitcoin Hits $68k: Anticipation Builds for Trump Bitcoin Speech

Anticipation for the Trump Bitcoin Speech

A significant factor contributing to Bitcoin’s recent surge is the excitement surrounding the Trump Bitcoin speech. Scheduled to take place at the Bitcoin Conference 2024 in Nashville, this event is highly anticipated by both crypto enthusiasts and investors. The appearance of pro-crypto Presidential candidate Donald Trump is expected to boost Bitcoin’s visibility and potentially attract new investors.

On the 4-hour chart, Bitcoin is working hard to maintain its position above the $67,800 support level, a crucial milestone for its continued growth. The Trump Bitcoin speech is seen as a potential catalyst for further gains, reinforcing the current bullish sentiment in the market.

Bullish Trends and Investor Confidence

Technical analysis supports the optimistic outlook for Bitcoin. The 4-hourly chart shows a crossover in the MACD (Moving Average Convergence Divergence) chart, indicating that the bulls are gaining power. Additionally, liquidation data reveals a significant number of short traders have been liquidated, further indicating a bullish market movement. According to data from IntoTheBlock, 93% of Bitcoin holders are currently in profit, with the remaining 7% at breakeven.

Bitcoin Hits $68k: Anticipation Builds for Trump Bitcoin Speech
Bitcoin Hits $68k: Anticipation Builds for Trump Bitcoin Speech

Bitcoin’s trading activity reflects this confidence. Despite a 20.32% drop in trading volume, the cryptocurrency is trading at $67,988, up 3.38% in the last 24 hours. The Fear and Greed Index stands at 59, suggesting a balanced market sentiment. Moreover, Bitcoin’s market dominance has risen to 55.4%, underscoring its leading position in the crypto market.

What’s Next for Bitcoin?

As Bitcoin continues to navigate new highs, the market is closely watching its next moves. Historically, breaking through resistance levels often leads to minor corrections as the market tests new support levels. Currently, Bitcoin is at this support zone and may need to consolidate before making another push toward the $68,000 resistance level.

Investors and enthusiasts are particularly keen on the Trump Bitcoin speech at the Nashville conference. This event could significantly impact Bitcoin’s price, providing the boost needed to overcome the next resistance level. The Trump Bitcoin speech is not just a focal point for the crypto community but also a potential turning point for Bitcoin’s market trajectory.

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In summary, Bitcoin’s recent rise to $67,800 marks a significant achievement, fueled by technical bullish trends, increased investor confidence, and the upcoming Trump Bitcoin speech. As the market anticipates this event, Bitcoin is poised to test new support levels and potentially move higher. All eyes are on Nashville, where the Trump Bitcoin speech could set the stage for the next phase of Bitcoin’s journey.

With the cryptocurrency market ever-evolving, staying informed and vigilant is key. Whether you are a seasoned investor or a new enthusiast, the developments surrounding Bitcoin, especially the Trump Bitcoin speech, are events you won’t want to miss. Stay tuned for more updates on the Trump Nashville speech and how it further affects BTC price, all on Turkish NY Radio.

Tags: bitcoinbullishTrump
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