Bitcoin analyst flags $32.5K launchpad zone for BTC price

Bitcoin (BTC) bulls fought for $31,000 on July 4 as a United States market closure used the possibility for volatility.BTC/ USD 1-hour chart. Source: TradingViewBitcoin cost “getting all set to rip higher”Data from Cointelegraph Markets Pro and TradingView revealed BTC cost action attempting to seal overnight gains.These topped out near $31,400 before momentum subsided, leaving BTC/USD still within a narrow trading range.Despite no brand-new yearly highs yet, market individuals were bullish on lower timeframes based on current behavior.Trading suite Decentrader even argued that Bitcoin was “looking bullish across virtually all time frames” on one of its proprietary trading tools.”This brings the overall coins held by the Shrimp class to 1.33 M BTC,” it added.Bitcoin Shrimp Net Position Change annotated chart.

Bitcoin (BTC) bulls fought for $31,000 on July 4 as a United States market closure offered the chance for volatility.BTC/ USD 1-hour chart. Source: TradingViewBitcoin rate “getting all set to rip higher”Data from Cointelegraph Markets Pro and TradingView showed BTC rate action trying to seal overnight gains.These topped out near $31,400 before momentum subsided, leaving BTC/USD still within a narrow trading range.Despite no brand-new yearly highs yet, market participants were bullish on lower timeframes based on current behavior.Trading suite Decentrader even argued that Bitcoin was “looking bullish across practically all time frames” on one of its exclusive trading tools.”This brings the overall coins held by the Shrimp class to 1.33 M BTC,” it added.Bitcoin Shrimp Net Position Change annotated chart.