{"id":12445,"date":"2023-06-25T13:25:48","date_gmt":"2023-06-25T13:25:48","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=12445"},"modified":"2023-06-25T13:25:49","modified_gmt":"2023-06-25T13:25:49","slug":"bitcoin-sees-new-all-time-highs-in-3-countries-as-btc-price-pokes-31k","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=12445","title":{"rendered":"Bitcoin sees new all-time highs in 3 countries as BTC price pokes $31K"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) tapped $31,000 for a third time this year on June 25 as the weekly close promised volatility.<\/p>\n<p><em>BTC\/USD 1-hour chart. Source: TradingView<\/em><\/p>\n<h2>BTC price challenges $31,000<\/h2>\n<p>Data from Cointelegraph Markets Pro and TradingView showed BTC price movements focusing on yearly highs.<\/p>\n<p>BTC price remained strong over the weekend as attention focused on geopolitical events in Russia and surrounding states. <\/p>\n<p>With tensions lessening on the day, curiosity over markets\u2019 reactions at the June 26 open remained, with the weekly candle close \u2014 already a classic source of volatility \u2014 coming first.<\/p>\n<p>In a recent analysis, popular trader Rekt Capital put the \u201cmost bullish scenario\u201d for the weekly close above the pivotal $30,000 mark.<\/p>\n<p lang=\"en\" dir=\"ltr\">#BTC has broken the multi-month downtrend (blue)<\/p>\n<p>But if $BTC performs a Weekly Close like this &#8211; a new downtrend may form (black)<\/p>\n<p>This could be the beginning of a new pattern<\/p>\n<p>Lots can change before July<\/p>\n<p>Most bullish scenario -&gt; Weekly Close above ~$30,000#Crypto #Bitcoin pic.twitter.com\/i9rdXCdymb<\/p>\n<p>\u2014 Rekt Capital (@rektcapital) June 22, 2023<\/p>\n<p>\u201cBTC in mid-April rejected from $30,000 resistance. Let\u2019s see if $BTC can turn $30,000 into support,\u201d a further post added over the weekend.<\/p>\n<p>Fellow trader Crypto Tony stayed hopeful for a trip to $32,000 next, should Bitcoin successfully consolidate near $31,000.<\/p>\n<p lang=\"en\" dir=\"ltr\">$BTC \/ $USD &#8211; Update <\/p>\n<p>If Bitcoin can consolidate around these highs at $31,000, then a burst up to $32,000 will be no problem <\/p>\n<p>I believe in the bulls pic.twitter.com\/lOl7AQ6RIl<\/p>\n<p>\u2014 Crypto Tony (@CryptoTony__) June 25, 2023<\/p>\n<p>A slightly less confident Micha\u00ebl van de Poppe, founder and CEO of trading firm Eight, called into question bulls\u2019 ability to keep upside momentum going.<\/p>\n<p>\u201cBitcoin made a nice high, through which it swept the yearly high,\u201d he told Twitter followers. <\/p>\n<p>\u201cI\u2019m unsure whether we\u2019ll continue running from here, but during uptrends you\u2019ll most likely see price continuing to run rather than have deep corrections. If we have a correction, $28,500 I buy.\u201d<\/p>\n<p>Van de Poppe repeated a popular downside target among market participants eager to \u201cbuy the dip\u201d below $30,000.<\/p>\n<p><em>BTC\/USD annotated chart. Source: Micha\u00ebl van de Poppe\/Twitter<\/em><\/p>\n<h2>Bitcoin records keep tumbling<\/h2>\n<p>Despite the cool-off in volatility against the U.S. dollar, Bitcoin did manage to set new records in three countries this week.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin \u2018parabolic advance\u2019 means BTC price all-time high in 2023 \u2014 Trader<\/em><\/strong><\/p>\n<p>In Argentina, Venezuela and Lebanon, BTC hit its highest-ever levels against the local currency.<\/p>\n<p>For those countries, that trend has continued throughout 2023 as inflation and macroeconomic policy choices quickly erode purchasing power.<\/p>\n<p>In Turkey, where the lira plunged to new lows against the dollar, BTC\/TRY neared the area of its blow-off top from December 2021.<\/p>\n<p><em>BTC\/TRY 1-week chart. Source: TradingView<\/em><\/p>\n<p><strong><em>Magazine: Gary Gensler\u2019s job at risk, BlackRock\u2019s first spot Bitcoin ETF and other news: Hodler\u2019s Digest, June 11\u201317<\/em><\/strong><\/p>\n<p class=\"post-content__disclaimer\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.\n<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-new-all-time-highs-3-countries-btc-31k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) tapped $31,000 for a third time this year on June 25 as the weekly close promised volatility. BTC\/USD 1-hour chart. Source: TradingView BTC price challenges $31,000 Data from Cointelegraph Markets Pro and TradingView showed BTC price movements focusing on yearly highs. BTC price remained strong over the weekend as attention focused on geopolitical [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-12445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12445"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12445\/revisions"}],"predecessor-version":[{"id":12447,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12445\/revisions\/12447"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/12446"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}