The cryptocurrency market has kicked off the week with strong momentum. Bitcoin (BTC) continues to demonstrate resilience as one of the best cryptos to buy amid global economic shifts.
As we approach the end of July, the world’s leading digital asset has been trading in a range of around $67,000, currently priced at $66,942.
President Joe Biden’s surprise decision to forgo reelection has fueled speculation that a crypto-friendly candidate like Donald Trump may capitalize on the opportunity to capture the White House in the next election.
As of the latest update, Bitcoin has experienced a slight pullback, trading at $67,410, representing a marginal decrease of nearly 1%.
Technical analysis of the 4-hour chart reveals a critical pivot point at $66,660, with immediate resistance levels identified at $68,420, $69,250, and $70,090.
Meanwhile, BTC’s 50-day Exponential Moving Average (EMA) at $66,250 indicates a buying trend for prices above the $66,000 threshold.
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Did you know that $BTC has already retested it's 2021 ATH for 5 months now?
That's so bullish tbh.
The longer the better, because the stronger the support.
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