Bitcoin price eyes $24K July close as sentiment exits 'fear' zone

Bitcoin price eyes $24K July close as sentiment exits 'fear' zone


Bitcoin (BTC) dropped volatility on the last weekend of July as the monthly close drew near.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView200-week moving average in focus for July close

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retaining $24,000 as resistance into July 30.

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The pair had benefitted from macro tailwinds across risk assets in the second half of the week, these including a flush finish for United States equities. The S&P 500 and Nasdaq Composite Index gained 4.1% and 4.6% over the week, respectively.

With off-speak trading apt to spark volatile conditions into weekly and monthly closes thanks to thinner liquidity, however, analysts warned that anything could happen between now and July 31.

“Just gonna sit back and watch the market up until the weekly close like

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