SpaceX · Bitcoin · Wall Street · Donald Trump · Cointelegraph
Data from TradingView showed BTC/USD retaining gains as crypto and risk-asset markets surfed mixed signals over a US-Iran peace
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BTC/USD one-hour chart.
Key facts
- Trader and analyst Rekt Capital was suspicious of a long-term trend line holding up price — the 200-week simple moving average (SMA) at $62,025
- Bitcoin (BTC) hit $64,000 after Friday’s Wall Street open while analysis warned of “unreliable” BTC price support
- Bitcoin hit $64,000 as SpaceX launched a record-breaking IPO and US-Iran peace deal hopes continued to grow, but doubts over BTC price support remained
- While Bitcoin saw new local highs near $64,000, market participants remained highly cautious on the outlook
Summary
Bitcoin hit $64,000 as SpaceX launched a record-breaking IPO and US-Iran peace deal hopes continued to grow, but doubts over BTC price support remained. Bitcoin (BTC) hit $64,000 after Friday’s Wall Street open while analysis warned of “unreliable” BTC price support. Bitcoin hits local highs during the US trading session as US-Iran peace hopes offer modest risk-asset relief. SpaceX looks set to launch the largest IPO ever witnessed,. BTC price concerns linger over the ability of a key trend line to hold as support.