Coinbry

  • Market Cap: $2,082,075,253,302.78
  • 24h Vol: $59,651,987,710.80
  • BTC Dominance: 48.68%
BTC price targets $39.3K as Bitcoin bulls remain strong ahead of weekly close

BTC price targets $39.3K as Bitcoin bulls remain strong ahead of weekly close

– BTC price held near $38,000 into the weekly close, boosting traders’ optimism.

– Popular market participants are preparing for upside BTC price continuation.

– Buyers are absorbing sell volumes near the local highs, indicating potential for shallow dips.

– Open interest on derivatives markets is low and spot demand remains steady.

– Some analysts believe that the previous forecast of a return to $36,900 may not come to pass.

– The Ichimoku Cloud indicator shows a clean breakout on the Bitcoin weekly chart, indicating a promising picture for upside continuation.

– The momentum is up, with $39.3k as the next target.

– This article does not provide investment advice and readers should conduct their own research.

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