Bitcoin hits new yearly highs as BTC price rebounds to $31.5K
Bitcoin bulls are stampeding past the top of the range, but there is already a risk that BTC price is forming a "predatory range." Bitcoin (BTC) reached new 2023 highs on July 6 as a fresh bounce off key support buoyed bulls. BTC/USD 1-day chart. Source: TradingView Bitcoin analyst warns of "predatory range" Data from Cointelegraph Markets Pro and TradingView showed BTC price action surging through the top of its recent trading range. Analysts had previously reckoned on the largest cryptocurrency dropping further, potentially reaching $28,000 to offer a classic “buy the dip” opportunity. With momentum headed back upward, Michaël van de Poppe, founder and CEO of trading firm Eight, was optimistic. “I hope your long entries are filled on Bitcoin. Looks quite decent here, and I think we'll slowly continue grinding to the upside,” he told Twitter followers. “- Breaking & Flipping $30.8K shall result into fast upwards momentum. - Retesting $30.3K would be equa...