{"id":286500,"date":"2021-06-29T15:20:42","date_gmt":"2021-06-29T12:20:42","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-price-nears-36k-as-altcoins-make-10-gains\/"},"modified":"2021-06-29T15:20:42","modified_gmt":"2021-06-29T12:20:42","slug":"bitcoin-price-nears-36k-as-altcoins-make-10-gains","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-nears-36k-as-altcoins-make-10-gains\/","title":{"rendered":"# Bitcoin price nears $36K as altcoins make 10% gains"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3dcb6e260ab\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3dcb6e260ab\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-nears-36k-as-altcoins-make-10-gains\/#BTC_price_targets_range_high\" >BTC price targets range high<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-nears-36k-as-altcoins-make-10-gains\/#Hints_of_%E2%80%9Caltseason%E2%80%9D_return\" >Hints of &#8220;altseason&#8221; return<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin price nears $36K as altcoins make 10% gains <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) tackled resistance at $35,000 on June 29 as upward momentum began to resurface throughout cryptocurrency.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/7adf3c00-cdce-412a-ac35-710dcaeb8e2e.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"BTC_price_targets_range_high\"><\/span>BTC price targets range high<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">TradingView<\/a>\u00a0showed BTC\/USD hitting 24-hour highs of $35,780 on Bitstamp on Tuesday.<\/p>\n<p>The pair put in 4.5% gains on the day, restoring confidence to traders who were previously afraid of another major market correction.<\/p>\n<p>As Cointelegraph reported, the weekend was a rags-to-riches story for Bitcoin, which bounced at $30,000 to stage an impressive comeback going into the new week.<\/p>\n<p>For popular trader Crypto Ed, there was now little reason to hold a Doomsday-style view on BTC price action.<\/p>\n<p>&#8220;Current BTC bears are the same who were convinced BTC would drop below $10k back in September 2020,&#8221; he argued in his <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Ed_NL\/status\/1409835626426470405\">latest update<\/a>.\u00a0<\/p>\n<p>For analyst Rekt Capital, the potential likewise remained for further upside, on the back of the most recent weekly close.<\/p>\n<p>&#8220;Great price-strength stability at a key Weekly support level for BTC,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1409809425142013952\">summarized<\/a>. <\/p>\n<blockquote><p>&#8220;This is now the 7th week in a row that has been able to reaffirm this ~$34500 level as support.&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/c16e9dc7-4216-446c-8a95-2a4d01797559.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-week candle chart with support highlighted. Source: Rekt Capital\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>A look at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MI_Algos\/status\/1409814561813839873\/\">orderbook data<\/a> from Binance, the largest exchange by volume, showed strong support remaining in place at $30,000, but less presence of buy interest between that level and spot price around $35,500.<\/p>\n<p>Sellers, on the other hand, remained at both $37,000 and $40,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/9bf2acf9-bd58-4b6d-8e7c-e698f0ffa677.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD buy and sell positions on Binance. Source: Material Indicators\/ Twitter<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Hints_of_%E2%80%9Caltseason%E2%80%9D_return\"><\/span>Hints of &#8220;altseason&#8221; return<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Altcoins, meanwhile, were keen to capitalize on Bitcoin&#8217;s newfound strength, broadly outperforming BTC gains on the day.\u00a0<\/p>\n<p>Ether (ETH), the largest altcoin by market cap, was up 9% at the time of writing, trading at nearly $2,200.<\/p>\n<p><strong><em>Related:\u00a0Active Bitcoin miners now &#8216;unlikely&#8217; sellers thanks to profit boost \u2014 data<\/em><\/strong><\/p>\n<p>Traders were keenly eyeing the potential for a fresh installment of &#8220;alt season&#8221; should Bitcoin add to its losses or make more cautious gains.\u00a0<\/p>\n<p>&#8220;Looking good so far,&#8221; Scott Melker <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/scottmelker\/status\/1409825912967757836\">told<\/a> Twitter followers. <\/p>\n<blockquote><p>&#8220;Bitcoin price rising, Bitcoin Dominance dropping. Perfect scenario for the moment for alts.&#8221;<\/p><\/blockquote>\n<p>Bitcoin&#8217;s market cap dominance stood at 46% on Tuesday, slightly down, while the overall cryptocurrency market cap was $1.455 trillion.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/40dcbd87-a06a-4837-8707-12e590c790cf.jpg\"><figcaption style=\"text-align: center;\"><em>Bitcoin market cap vs. dominance chart. Source: Bybt<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-nears-36k-as-altcoins-make-10-gains\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin price nears $36K as altcoins make 10% gains &#8221; Bitcoin (BTC) tackled resistance at $35,000 on June 29 as upward momentum began to resurface throughout cryptocurrency. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price targets range high Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD hitting 24-hour highs of $35,780 on Bitstamp&#8230;<\/p>\n","protected":false},"author":1,"featured_media":286501,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvZTJjZmMzYmQtZTkyZC00NGI4LWI1NTMtY2ZhYjdmMmQ0NDhjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74862,74937,73785],"class_list":["post-286500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/286500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=286500"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/286500\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/286501"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=286500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=286500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=286500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}