On Monday, BTC continued pushing higher and broke the $39,000 mark since June 19th. A pullback to the range's mid-point seems likely after such a massive rally. Such a move will provide buyers a breather to recuperate and prepare for the next leg of the upswing.

Amazon prepares for Bitcoin payments

One of the world's largest e-commerce behemoths, Amazon is allegedly set to accept payments in Bitcoin, Ethereum, and other cryptocurrencies. This news comes after an insider revealed that this move from Amazon is not a plan to get this done in the future but a "well-discussed, integral part" of how the e-commerce giant will perform in the short-term future.

Bitcoin Price Prediction: $64K was not the Top

According to PlanB's S2F(X) model, the bull market is far from over, and BTC could surge higher than $64K.

On the 4H chart, BTC price has surged above 9-day and 21-day moving averages, and it may likely take time to trade above the upper boundary of the channel. MACD also crossed over the zero level, and the histogram also gives a positive signal, while RSI is trading in the overbought zone. In a highly bullish case, Bitcoin price might hit $43,000 this week. 

Disclaimer

The material herein is provided for informational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell cryptocurrencies or derivatives. The material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations concerning the manner in which any client's account should or would be handled, as appropriate investment strategies depend upon the client's investment objectives.