Bitcoin resumed an aggressive bullish recovery in the US session on Thursday after bottoming out at $20,725 on July 26. The bullish rebound comes after the benchmark cryptocurrency broke the July 20 descending trendline following an aggressive retest of the line yesterday.
BTC now sits at the edge of $24,000 as bullish trading volume mounts. The primary cryptocurrency could see the $25,000 mark in the coming hours or days as it has the backing of a weaker dollar and a recession-riddled US economy.
Meanwhile, my resistance levels are at $24,000, $25,000, and $26,000, and my key support levels are at $23,000, $22,000, and $21,000.
Total Market Capitalization: $1.10 trillion
Bitcoin Market Capitalization: $454.9 billion
Bitcoin Dominance: 41.4%
Market Rank: #1
BTC now sits at the edge of $24,000 as bullish trading volume mounts. The primary cryptocurrency could see the $25,000 mark in the coming hours or days as it has the backing of a weaker dollar and a recession-riddled US economy.
Meanwhile, my resistance levels are at $24,000, $25,000, and $26,000, and my key support levels are at $23,000, $22,000, and $21,000.
Total Market Capitalization: $1.10 trillion
Bitcoin Market Capitalization: $454.9 billion
Bitcoin Dominance: 41.4%
Market Rank: #1