Quote from: Republikcoin.com on July 01, 2024, 02:00:54 PM

Quote from: Assiduous on June 29, 2024, 06:47:12 AM

Currently, Bitcoin's short-term trend remains bearish. It has yet to confirm any bullish trend reversal. Crypto analyst Josh said in his latest analysis that Bitcoin is still showing a short-term bearish signal. He also said Bitcoin has seen a repeat of past price movements.Analyst Josh checked the Bitcoin chart, he found that the DXY (U.S. Dollar Index) was trending higher, making higher lows and higher highs, indicating a bullish trend for the DXY. Since Bitcoin was around $67,000. When DXY trends upward, it usually means bearish momentum for Bitcoin and vice versa.

Today there was a slight price recovery in Bitcoin where the Bitcoin price almost returned to touching $64K after being in the range of $60K in the last few days. I also agree that currently Bitcoin is in a short bearish trend because that could be a bit accurate to say, but in terms of price recovery in Bitcoin it will not be fast enough this month if the buying index demand is still not much different from last month. Although the possibility of a return to the $65K range could occur this month in Bitcoin.

I always have the guts that if the price of Bitcoins at the start of the month is awful, it will be the same as for the rest of the month.
The good thing here we are still above $60,000. Which me for me that's the significant strong support right now for Bitcoin.

And yep, good catch about how we touched Bitcoin recently in $64,000 and back at it again, for me, it's just a sign that bulls still fighting.