Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Buyers have turned out to be more powerful than sellers on the last day of the week, according to <a href="https://u.today/shib-price-prediction-for-july-13">CoinMarketCap</a>.
<img data-entity-type="file" data-entity-uuid="0491eb02-0372-45f4-8990-ef3d82312c79" src="https://u.today/sites/default/files/inline-images/top10_1234.png">Top coins by <a href="https://coinmarketcap.com/">CoinMarketCap</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has increased by 1.70% since yesterday. Over the last week, the price has risen by 4.48%.
<img data-entity-type="file" data-entity-uuid="bf4f6392-53cd-45e3-a598-051c723bb9ee" src="https://u.today/sites/default/files/inline-images/btc1_209.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
Despite today's rise, bulls are facing trouble holding the gained initiative. If the situation does not change until the end of the day, one can expect a test of the $59,000 zone tomorrow.
<img data-entity-type="file" data-entity-uuid="4d5d68ce-6ef0-473e-a0ab-755e5cff4c80" src="https://u.today/sites/default/files/inline-images/btc2_190.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
On the bigger time frame, the rate of BTC has bounced off the resistance of $60,430. If the daily bar closes far from it and below the vital zone of $60,000, there is a chance of a correction to the $58,000-$58,500 area next week.
<img data-entity-type="file" data-entity-uuid="3433c820-7f56-4e21-8c3a-069615f85f1a" src="https://u.today/sites/default/files/inline-images/btc3_188.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
From the midterm point of view, the weekly bar is about to close bullish. However, the price has not accumulated enough energy for a bull run.
In this case, consolidation in the zone of $58,000-$60,000 is the more likely scenario.
Bitcoin is trading at $59,729 at press time.

Bitcoin (BTC) Price Prediction for July 14

Table of Contents

U_Today

Other articles published on Jul 14, 2024

Leveraged Bitcoin ETFs: Risky Bets or High Rewards?

Germany Completes Bitcoin Sell-Off Amid Market Turbulence and Mt. Gox Reimbursement Concerns

Elon Musk and Justin Sun Endorse Trump for 2024 Presidential Race

Join the Hop Frenzy! MOONHOP’s Moonbound Leap Captivates Dogwifhat and BlockDAG Enthusiasts

Labour’s Tulip Siddiq Appointed UK Economic Secretary, Signals Strong Crypto Regulation Stance

Shiba Inu (SHIB) Rockets Ahead of AVAX With 10% Price Jump

Join our free newsletter for daily crypto updates!