Cryptocurrency Market Shows Strong Recovery: Bitcoin Aiming for $38K

The cryptocurrency market outlook has significantly improved over the past few weeks. The leading cryptocurrency, Bitcoin (BTC), albeit not tremendously strong, has risen by 54.4% over the last 30 days, taking its value appreciation since the beginning of the year to 63.5%. Bitcoin’s strong performance in June has continued into this month, with experts pointing to the next target level of $38,000. To reach this target, BTC, which has been seen overcoming the $31,000 resistance, needs to surpass the $32,000 resistance. As Selling Pressure Decreases, Bitcoin Price Rises Bitcoin’s price continues to rise on a wave of various buying signals, beginning with the Moving Average Convergence Divergence (MACD) indicator. In June, the blue MACD line crossed over the red signal line, indicating a buy signal. Likewise, the momentum indicator reinforced the bullish outlook by crossing above the average line. The SuperTrend indicator confirmed a break from $25,000 by moving below […] The post Cryptocurrency Market Shows Strong Recovery: Bitcoin Aiming for $38K appeared first on COINTURK NEWS.