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Former United States President and candidate Donald Trump recently shared his strong support for Bitcoin (BTC) at one of the 
cryptocurrency events with participants and the world. During this time, while making statements, the BTC price had fallen, but in recent hours, the BTC price surpassed the $70,000 level again after a long period, although there was a pullback in the price. In a scenario where Bitcoin exceeds $70,000, it can be seen that the price moves further.
Analysts’ Bitcoin Comments
In a post shared by experts on the cryptocurrency market analysis platform Bitcoinsensus on July 29, a positive view was highlighted. The post shared a Wyckoff reaccumulation chart model. Looking at this model, Bitcoin could visit its all-time high (ATH) in the next few weeks.
According to experts, the all-time high level could be inevitable in the coming weeks or more specifically by mid-September. On the other hand, it was also noted that a pullback could occur before reaching the mentioned levels. This situation was shared with cryptocurrency followers on a chart (below).
Another frequently mentioned analyst, Ali Martinez, emphasized that Bitcoin’s upward trend could continue, while explaining that the TD Sequential indicator, which he frequently uses, currently “gave a sell signal on the Bitcoin hourly chart and expects a short correction before continuing.”
Donald Trump and Bitcoin
Another well-known name in the cryptocurrency world, Michaël van de Poppe, also made an important statement. According to Poppe, “Donald Trump’s speech created a positive impact. Consequently, Bitcoin could face an ATH test in the coming weeks.
As long as it stays above 60-62 thousand dollars, we are in a good region to continue further.
It is worth noting that Donald Trump made many pro-Bitcoin statements at the Bitcoin conference he attended on Saturday, stating that the US should be at the top of the sector in this area. He also mentioned that if elected president, he would not sell BTC but rather make purchases.
How Much is Bitcoin Now?
In the market, it was seen that the Bitcoin price exceeded $70,000 in recent hours. Following this, there was a sharp pullback in the price. Many events are thought to have influenced the pullback. First, the statements from England about the country being on the brink of bankruptcy drew attention, followed by significant news from the US.
It was observed that the US moved a portion of BTC linked to Silk Road, valued at over $2 billion. This situation triggered expectations of a possible sale, creating a negative impact on the price. As of the time of writing, the BTC price is trading at $67,199.
