The Cryptocurrency Markets are Finally Heating up in July
Just one week ago, bitcoin’s price hit an intraday high of $9,568 in a low volume environment. This week’s action, fueled by increased exchange volumes, has traders excited a long-term bull market may be back. As much as $446 million in trades were done on Coinbase Monday.
“The market has clearly jumped to a bullish stance,” said Vishal Shah, and options trader and founder of derivatives exchange Alpha5. “Volatility is higher and we're now looking at the previous resistance of $10,550 as our new support region."
“The market has clearly jumped to a bullish stance,” said Vishal Shah, and options trader and founder of derivatives exchange Alpha5. “Volatility is higher and we're now looking at the previous resistance of $10,550 as our new support region."
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.