{"id":295070,"date":"2021-07-09T19:18:30","date_gmt":"2021-07-09T16:18:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/btc-price-regains-33k-as-square-confirms-mainstream-bitcoin-wallet-plans\/"},"modified":"2021-07-09T19:18:30","modified_gmt":"2021-07-09T16:18:30","slug":"btc-price-regains-33k-as-square-confirms-mainstream-bitcoin-wallet-plans","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/btc-price-regains-33k-as-square-confirms-mainstream-bitcoin-wallet-plans\/","title":{"rendered":"# BTC price regains $33k as Square confirms &#8216;mainstream&#8217; Bitcoin wallet plans"},"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-6a4168a30068b\" 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-6a4168a30068b\" 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\/btc-price-regains-33k-as-square-confirms-mainstream-bitcoin-wallet-plans\/#Bitcoin_price_action_returns_33000_support\" >Bitcoin price action returns $33,000 support<\/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\/btc-price-regains-33k-as-square-confirms-mainstream-bitcoin-wallet-plans\/#Woo_%E2%80%9CWhales_are_scooping%E2%80%9D\" >Woo: &#8220;Whales are scooping&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># BTC price regains $33k as Square confirms &#8216;mainstream&#8217; Bitcoin wallet plans <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) came back to life later on July 9 after a whale-induced price dip failed to hold the market down for much more than 24 hours.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/e4fc3a07-b5bd-4fe5-a1c1-6e569967ce7b.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=\"Bitcoin_price_action_returns_33000_support\"><\/span>Bitcoin price action returns $33,000 support<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 jumping 2% in an hour on Friday, hitting local highs of $33,700 on Bitstamp.<\/p>\n<p>The previous day had been marked by a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> lower and a test of $32,000 support, something which had come on the back of sudden short selling by an entity on Bitfinex.<\/p>\n<p>With $33,000 support now back in play, however, traders were once again hopeful that existing short-term theories could still play out.\u00a0<\/p>\n<p>&#8220;Bitcoin is still holding a critical level of support and potentially making a new higher low here,&#8221; Micha\u00ebl van de Poppe summarized in his <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1413491367234490371\">latest update<\/a>.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1413491367234490371\/photo\/1\"><\/a><\/p>\n<p>Van de Poppe had eyed a potential run to as high as $39,000 should Bitcoin break through the start of a resistance band at $35,500.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re doing it <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/IwbKuBoXGv\">https:\/\/t.co\/IwbKuBoXGv<\/a><\/p>\n<p>\u2014 jack (@jack) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jack\/status\/1413261505156599809?ref_src=twsrc%5Etfw\">July 8, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The rebound followed an announcement payment gateway Square, which confirmed that he would be developing a &#8220;mainstream&#8221; cryptocurrency hardware wallet.<\/p>\n<p>&#8220;We&#8217;re doing it,&#8221; <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> and Square CEO Jack Dorsey responded to a post from the latter&#8217;s hardware lead,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/JesseDorogusker\"><\/a>Jesse Dorogusker.<\/p>\n<p>Dorogusker had also said that the plans would include a &#8220;service to make bitcoin custody more mainstream,&#8221; with further details still outstanding.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Woo_%E2%80%9CWhales_are_scooping%E2%80%9D\"><\/span>Woo: &#8220;Whales are scooping&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported, industry researchers had already flagged new bullish tendencies across on-chain metrics in the latter part of the week.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin price will likely shrug off $530M GBTC unlock in July \u2014 Analysis<\/em><\/strong><\/p>\n<p>These showed, among other things, record numbers of new Bitcoin network entities, these now topping 50,000 daily.<\/p>\n<p>Whales, for their part, were also keen to scoop up the supply, a theory supported by popular statistician, Willy Woo.<\/p>\n<p>&#8220;As price grinds sideways-bearish, coins are being scooped off the exchanges at a very bullish rate,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/woonomic\/status\/1413137293443932166\">told<\/a> Twitter followers on Thursday, alongside a chart of net flows from exchanges.<\/p>\n<p>&#8220;PS. The latest sizing of withdrawals vs deposits are at local highs at levels that signal a bottom, whales are scooping.&#8221;<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/685866a0-3226-4109-8b74-6dce2908f10d.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin exchange net flows vs. BTC\/USD chart. Source: Willy Woo\/ Twitter<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\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\/btc-price-regains-33k-as-square-confirms-mainstream-bitcoin-wallet-plans\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# BTC price regains $33k as Square confirms &#8216;mainstream&#8217; Bitcoin wallet plans &#8221; Bitcoin (BTC) came back to life later on July 9 after a whale-induced price dip failed to hold the market down for much more than 24 hours. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price action returns $33,000 support Data from&#8230;<\/p>\n","protected":false},"author":1,"featured_media":295071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvOWVmMGQ5ZWMtYWMyYS00MGMyLWFjODMtZjc5ODEyNWViZDk1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-295070","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\/295070","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=295070"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/295070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/295071"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=295070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=295070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=295070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}