MintingM, a Mumbai, India-based crypto asset management company, said that the cryptocurrency is still in a clear uptrend, making higher highs and higher lows on the daily time frame. As seen in the chart below, the upward or bullish channel, representing higher highs and higher lows, can be identified by trendlines connecting the lows of July 20 and Sept. 29, and the highs of June 30 and Sept. 7.
Related posts
-
Bitcoin Network Sees Second Largest Difficulty Reduction of 2024
On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start.... -
Bitcoin Strikes A Chord At The Bottom
The price of Bitcoin has increased by 6% since it crossed into the $53,000 price territory... -
Two More Sleeping Bitcoin Addresses Wake From Slumber, Moving 1,045 BTC
Two days ago, a dormant bitcoin wallet moved over 1,000 bitcoins on July 5, and since...