Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Bitcoin: Are traders having misgivings about BTC’s future?

    February 1, 2024

    Genesis wins court nod to return $3 billion to creditors

    May 20, 2024

    3AC wins court approval to expand FTX bankruptcy claim from $120 million to $1.5 billion

    March 14, 2025
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      8,000 Bitcoins awaken after 5 years – Whale strategy or ETF play?

      June 14, 2025

      Bitcoin’s High Euphoria Spurs UK Company’s $4.7 Million Buy

      June 12, 2025

      Why are altcoins like Axelar, Aave, Uniswap, Pepe going up today?

      June 10, 2025

      XRP Price Watch: RSI Neutral, MACD Turns Bullish in a Tight Range Battle

      June 9, 2025

      Bitcoin At A Crossroads: $97,000 Cost Basis Holds Key To Next Breakout

      June 8, 2025
    • Technology

      Small caps, big moves: These altcoins outshine Bitcoin

      June 14, 2025

      Comment on Hacker Behind $2M Crypto Hack Offered Role by Targeted Protocol by James Cyrus

      June 13, 2025

      Uniswap (UNI) Gears for Rally as $10.35 Resistance Becomes Make-or-Break Level

      June 12, 2025

      The Blockchain Group Pushes Institutional Crypto Wave in Europe

      June 11, 2025

      best altcoins to buy now

      June 10, 2025
    • Learn/Guide

      Invesco, Galaxy Digital file to launch Solana ETF in Delaware amid SEC approval buzz

      June 14, 2025

      Cardano founder Charles Hoskinson proposes converting $100M ADA to Bitcoin and stablecoins

      June 13, 2025

      BlackRock targets to become world’s largest crypto asset manager by 2030

      June 12, 2025

      Nasdaq-listed Interactive Strength plans to invest $500M in Fetch.ai’s FET token to build an AI-focused crypto treasury

      June 11, 2025

      Eric Trump-backed American Bitcoin discloses 215 BTC holdings

      June 10, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Bitcoin needs to surpass $58,000 to restore bullish trend
    Learn/Guide

    Bitcoin needs to surpass $58,000 to restore bullish trend

    July 11, 20242 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bitcoin needs to surpass $58,000 to restore bullish trend
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Key Takeaways

    • Bitcoin needs to surpass $58,000 to restore its bullish trend, according to traders.
    • Over 50% of crypto investors remain optimistic about the current bull cycle despite recent corrections.

    Share this article



    Bitcoin (BTC) still holds the $58,000 price level as a key area to flip its choppy moment, according to the trader who identifies himself as Altcoin Sherpa. This area is BTC’s exponential moving average of 200 days (EMA 200), and the price must close above it in “higher timeframes” so Bitcoin can chase $63,000.

    “Can’t break it, we test the low 50ks. Wait and see mode now,” added the trader.

    Bitcoin daily chart with 200d EMA. Image: Altcoin Sherpa/TradingView

    Bitcoin tried to fly higher today, as reported by a fellow trader identified as Rekt Capital, who posted on X that BTC was trying to break a one-and-a-half-month downtrend line by surpassing the $59,000 price level.

    However, after slightly overtaking the downtrend line, the movement was rejected and Bitcoin was sent violently back to the low $58,000 level.

    #BTC

    Bitcoin is not ready to break the Downtrend just yet$BTC #Crypto #Bitcoin https://t.co/riXIV8LblY pic.twitter.com/YuNuKtfgB0

    — Rekt Capital (@rektcapital) July 10, 2024


    Sapphire

    Moreover, Rekt Capital tripled down on the need Bitcoin has to close the week above the $60,600 level. Otherwise, it risks not going back to the accumulation range and the current pullback could go further down.

    “Bitcoin is now rallying. Needs to reclaim the $60600 Range Low as support to return to the Re-Accumulation Range it broke down from last week,” said Rekt Capital.

    Notably, crypto investors are majorly bullish despite the recent price corrections, according to a CoinGecko survey. As reported by Crypto Briefing, traders and spectators are the most bearish since the halving, while over 50% of investors and builders are still optimistic about this current bull cycle.

    Share this article


    Follow Crypto Briefing on Google News





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Invesco, Galaxy Digital file to launch Solana ETF in Delaware amid SEC approval buzz

    June 14, 2025

    Cardano founder Charles Hoskinson proposes converting $100M ADA to Bitcoin and stablecoins

    June 13, 2025

    BlackRock targets to become world’s largest crypto asset manager by 2030

    June 12, 2025

    Nasdaq-listed Interactive Strength plans to invest $500M in Fetch.ai’s FET token to build an AI-focused crypto treasury

    June 11, 2025
    Top Posts

    Socket Protocol Whitepaper; First Chain Abstraction Protocol

    September 7, 2024

    Terrifying Twists and Scary Stories.

    November 4, 2023

    Coinbase Advanced Trading Platform Guide: All You Need to Know

    February 14, 2024

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    8,000 Bitcoins awaken after 5 years – Whale strategy or ETF play?

    June 14, 2025

    Bitcoin’s High Euphoria Spurs UK Company’s $4.7 Million Buy

    June 12, 2025

    Why are altcoins like Axelar, Aave, Uniswap, Pepe going up today?

    June 10, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.