Bitcoin (BTC.X, $23,464.5) crosses $23,000 - a record-high
Bitcoin topped $23,000, for the first time in history. The cryptocurrency has gained +220% this year.
The digital coin surged more than +9% on Thursday, reaching $23,256.92. Scott Minerd, the chief investment officer at Guggenheim Investments, said on Bloomberg TV on Wednesday that Bitcoin’s scarcity coupled with “rampant money printing” by the Federal Reserve mean the digital currency should eventually rise to about $400,000.
Dan Gunsberg, CEO of Hxro, a crypto trading platform commented that if Bitcoin sustains its momentum, then “testing $36,000 will be the next real objective” . But he also cautioned that a significant break below $13,800 would lead to a much weaker period for the coin.
BTC.X's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for BTC.X turned positive on July 01, 2026. Looking at past instances where BTC.X's MACD turned positive, the stock continued to rise in of 64 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BTC.X's RSI Oscillator exited the oversold zone, of 35 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on July 04, 2026. You may want to consider a long position or call options on BTC.X as a result. In of 139 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in of 429 cases, the price rose further within the following month. The odds of a continued upward trend are .
BTC.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BTC.X entered a downward trend on July 08, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
