- The cryptocurrency market was in consolidation mode on Thursday as many traders took profits following the surge in token prices that began on Tuesday and saw more than $103 billion worth of value added to the total crypto market capitalization.
Stocks traded mixed on Thursday as investors continued to digest hawkish comments from the Federal Reserve that more interest rate hikes are in store due to persistently high inflation. At the market close, the S&P and Nasdaq were in the green, up 0.37% and 0.95%, respectively, while the Dow finished down 0.01%.“July Bitcoin futures prices are sharply higher and hit a new contract high in early U.S. trading Thursday,” according to Kitco senior technical analyst Jim Wyckoff.
— Crypto Tony June 22, 2023 Analysis from Rekt Capital indicates that if BTC is able to close the month above $29,300, then there’s a strong chance that it will rally into the $33,000 - $35,000 range in the near future. — Rekt Capital June 22, 2023 And MN Trading founder Michaël van de Poppe suggested that the rally seen this week may be the first wave in a new bull market cycle and expects it to extend into the $38,000-42,000 range.Through that, the 200-Week MA and EMA are holding as support and a big bounce occurred + institutional interest.
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Source: CryptoAmb - 🏆 22. / 68 Read more »