• Bitcoin has had a bullish week amid a number of constructive developments.
• BTC worth rose from $26,330 on June 19 to a year-to-date excessive of $31.458 on Friday.
• Presidential candidate Robert F. Kennedy Jr. has declared his help for Bitcoin.

Bitcoin has had a bullish week amid a number of constructive developments. BTC worth surged from $26,330 on June 19 to an annual excessive of $31.458 on Friday, June 23, 2023, in accordance with TradingView knowledge. Bitcoin dragged down the remainder of the cryptocurrency market, with practically all the prime cryptocurrencies posting important positive aspects.

Optimistic developments within the cryptocurrency market embrace the launch of digital asset buying and selling by EDX Markets and the endorsement of Bitcoin by one of many presidential candidates within the upcoming US election.

Upcoming U.S. presidential candidate Robert F. Kennedy Jr. has reportedly promised to develop insurance policies to help bitcoin and freedom of commerce if he’s elected president. He additionally opposed the creation of a central financial institution digital forex (CBDC), arguing that it’s a instrument of management and repression and is certain to be misused.

Kennedy Jr. turned the fourth presidential candidate within the present administration to declare his help for Bitcoin. In keeping with Michael Saylor, his CEO of MicroStrategy, that is an unprecedented growth in US historical past. He acknowledged that occasions within the cryptocurrency trade might result in a Bitcoin-centric future.

In a July 22 Twitter replace, CrediBULL Crypto claimed that the following 4 months ought to present the mandatory worth momentum to counter the $69,000 Bitcoin worth. He stated October 2023 could possibly be a key time on this regard, though he made it clear that he wouldn’t wager on any specific month when bitcoin hits a brand new all-time excessive (ATH). rice area.

CrediBULL additional defined that the flagship cryptocurrency must current increasingly inexperienced candles for Bitcoin to ship the brand new ATH as anticipated. This makes it match the earlier impulse length. He says the impulse rise will probably be steeper as the worth rises in a parabolic trend.