Trader Predicts $67K Bitcoin as Week Begins

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Bitcoin preserved a key long-term trend line as support for a third week as US-Iran war tensions delivered new five-week highs in oil prices.

Bitcoin (BTC) starts the last full week of July holding key support while macro clouds continue to gather.

Bitcoin preserves its 200-week trend line at the weekly close, leading to short-term BTC price targets of up to $67,000.

US-Iran war rhetoric ramps up, with oil prices hitting five-week highs ahead of a week of corporate earnings reports.

Bitcoin spot demand retreats from its early-July uptick despite ETF inflows.

Bitcoin’s Puell Multiple heads higher, but analysts are wary of calling a “generational low.”

Crypto market sentiment hits highest levels since the start of June.

Trader sees “further relief” for Bitcoin bulls

In a familiar move, Bitcoin saw sell-side pressure soon after the weekly close going into Monday morning, with local lows reaching $63,700

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