Bitcoin notched its highest weekly close since June. After briefly breaking above $25,000 this weekend, the world’s largest cryptocurrency sits at $24,000.
On June 18, 2022, bitcoin bottomed out at $18,000 and has been on a steady rise to current price levels ever since. Upward consolidation is the current trend, and I called July a rebound month for bitcoin and crypto markets in the most recent monthly crypto report. Bitcoin continues to establish higher highs and lower lows.
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