Bitcoin Price Analysis: Bulls Aims For Three-Month Highs Above $26,000

Bitcoin price analysis signifies the uptrend remains intact in the largest cryptocurrency by market cap. The price opened on a muted note bias but picked up the momentum and tested the highs of $24,898.91.

Timeline of Bitcoin

Yesterday, the majority of the cryptocurrencies were flashing red as Bitcoin price lost its hold over the $23,000 mark. However, today, the flagship currency is not only trading above the $23k area but has also reclaimed the $24,000 level. At the time of reporting, Bitcoin is trading at $24,595, after a spike of 2.

Widely followed analyst Justin Bennett is weighing in on several top crypto assets as the markets finish the week on a high note. In the latest edition of the trader's Cryptocademy newsletter, Bennett identifies $24,200 as being a crucial make-or-break level for Bitcoin (BTC).

Trends that will shape the future of Bitcoin mining are not all that hard to predict, as the signs of what's to come have been all around us. The problem is, we never stop to look at them, and understand their significance for what is to come.

The market sentiments are coiling up ever since the final testnet Goerli went live without any major technical complications. Therefore raising the expectations of a smooth Ethereum Mainnet Merger on September 19, in the absence of any major flaws.

Ethereum (ETH) is leaving crypto exchanges at a rapid rate this week, while Bitcoin (BTC) is moving in the opposition direction, according to Lucas Outumuro, the head of research at analytics firm IntoTheBlock.

The world's largest cryptocurrency Bitcoin (BTC) has delivered a strong price pump moving closer to $25,000. As of press time, BTC is trading 3% up at a price of $24,678 with a market cap of $472 billion.

Cryptocurrency has given us an option to transfer money safely, quickly, and without excessive verification. It's safe to say that banks are somewhat obsolete in this aspect to those who prefer to perform financial transactions through blockchain technology.

With the start of sales of the world's largest asset manager, BlackRock's Blockchain exchange-traded fund, social media users recalled BlackRock's past anti-Bitcoin moves. They started that BlackRock had suspicions of manipulation.

Bullish start to the day! The crypto market has opened the day on a bullish note as major cryptocurrencies like Bitcoin, Ethereum, Cardano, Solana and others are back on green signal. Bitcoin price has reclaimed the $24,000 price levels and is currently trading at $24,573 after a surge of 2.50% over the last 24hrs.

Popular Japanese bank Shinsei Bank is set to start offering customers rewards in $XRP or $BTC as part of a new campaign that is running from August 10 until October 31. Rewards in the campaign can go up to 8,000 Japanese Yen worth around $60 at the time of writing.