Bitcoin (BTC) bulls fought for $31,000 on July 4 as a United States market closure offered the chance for volatility.
Bitcoin price “getting ready to rip higher”
Data from Cointelegraph Markets Pro and TradingView showed BTC price action attempting to cement overnight gains.
These topped out near $31,400 before momentum waned, leaving BTC/USD still within a narrow trading range.
Despite no new yearly highs yet, market participants were bullish on lower timeframes based on recent behavior.
Trading suite Decentrader even argued that Bitcoin was “looking bullish across virtually all time frames” on one of its proprietary trading tools.
“Feels like the market is getting ready to rip higher,” Decentrader co-founder Philip Swift, creator of on-chain data resource LookIntoBitcoin, added on the day.
Michaël van de Poppe, founder and CEO of trading firm Eight, forecast that rapid gains would only kick in once BTC/USD had passed $32,500 to mark new…