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.
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