{"id":292912,"date":"2021-07-07T16:17:00","date_gmt":"2021-07-07T13:17:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-battles-35k-as-traders-agree-volatile-btc-price-move-incoming\/"},"modified":"2021-07-07T16:17:00","modified_gmt":"2021-07-07T13:17:00","slug":"bitcoin-battles-35k-as-traders-agree-volatile-btc-price-move-incoming","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-battles-35k-as-traders-agree-volatile-btc-price-move-incoming\/","title":{"rendered":"# Bitcoin battles $35K as traders agree volatile BTC price move incoming"},"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-6a3ab634a3a23\" 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-6a3ab634a3a23\" 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-battles-35k-as-traders-agree-volatile-btc-price-move-incoming\/#BTC_breakout_means_first_stop_39000\" >BTC breakout means first stop: $39,000<\/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-battles-35k-as-traders-agree-volatile-btc-price-move-incoming\/#Altcoins_set_for_price_%E2%80%9Coutperformance%E2%80%9D_vs_Bitcoin\" >Altcoins set for price \u201coutperformance\u201d vs. Bitcoin<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin battles $35K as traders agree volatile BTC price move incoming <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) took a stab at key resistance around $36,000 on Wednesday as anticipation built around a breakout.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/de6b3790-e1aa-4f15-8076-b941520ff98b.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_breakout_means_first_stop_39000\"><\/span>BTC breakout means first stop: $39,000<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 repeatedbly t<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ing but failing to flip the $35,000 mark on Wednesday.<\/p>\n<p>The largest cryptocurrency rebounded from lower levels overnight, calming those concerned that important $33,000 support would be violated.\u00a0<\/p>\n<p>With the area around $36,000 providing a significant resistance band, however, low volumes and a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> \u201ccompression\u201d structure kept bulls firmly in check on the day.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/12cfba6f-7759-4f20-ab73-6d644c84f03b.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>BTC\/USD buy and sell levels (Binance) as of July 7. Source: Material Indicators\/<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>For popular trader Micha\u00ebl van de Poppe, Bitcoin needed a clean breakout at $35,500 to cement continuation of bullish action. That said, the potential upside limit under such circumstances could be much higher.<\/p>\n<p>\u201cIf $35,500 breaks, I think we are going to get a run towards even $39,000,\u201d he explained in his latest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=mcbCuh0YQlg\">YouTube update<\/a>.<\/p>\n<p>A retest of recent highs just below $37,000 should then enter, with success opening up the path to higher levels.<\/p>\n<p>\u201cReally, the higher timeframe level is between $40,600 to $42,000,\u201d he continued.<\/p>\n<blockquote><p>\u201cIf that cracks, I think we\u2019re going to have a retest around the $50,000 level and momentum starts to kick back into the markets very soon.\u201d<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Altcoins_set_for_price_%E2%80%9Coutperformance%E2%80%9D_vs_Bitcoin\"><\/span>Altcoins set for price \u201coutperformance\u201d vs. Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Altcoins, meanwhile, continued their moderate upside shift, with Ether (ETH) notably holding on to strength against BTC. The ETH\/BTC pair, in particular, is now at a monthly high.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/9f00625d-2f94-4936-949f-98add6c94615.png\"><figcaption style=\"text-align: center;\"><em>ETH\/BTC 4-hour candle chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The top 50 cryptocurrencies by market capitalization saw daily gains of up to 13%, while other tokens remained flat.<\/p>\n<p><strong><em>Related:\u00a0Is the Bitcoin bull run only in the \u2018disbelief\u2019 market cycle phase?<\/em><\/strong><\/p>\n<p>\u201cWhat are my expectations on the markets in general? I think we\u2019ve bottomed out,\u201d van de Poppe concluded.<\/p>\n<blockquote><p>\u201cI think we\u2019re going to continue moving to the upside, and I think in the coming months until Bitcoin gets to the all-time high, altcoins are going to outperform Bitcoin heavily.\u201d<\/p><\/blockquote>\n<p>Fellow trader and analyst Rekt Capital joined in predicting an end to the middling price movements, which have characterized Bitcoin in recent days.<\/p>\n<p>\u201cA volatile move for BTC is coming in the next few days,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1412750604045369346\">forecast<\/a>, referencing the popular Wyckoff method as a hint that any potential move would be up, not down.<\/p>\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-battles-35k-as-traders-agree-volatile-btc-price-move-incoming\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin battles $35K as traders agree volatile BTC price move incoming &#8221; Bitcoin (BTC) took a stab at key resistance around $36,000 on Wednesday as anticipation built around a breakout. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC breakout means first stop: $39,000 Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD repeatedbly tapping but&#8230;<\/p>\n","protected":false},"author":1,"featured_media":292913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvNmVjNzdhYzQtZWJmMy00ZWQyLWI4NWYtNjMwMDM5YjU3YTc4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-292912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/292912","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=292912"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/292912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/292913"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=292912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=292912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=292912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}