Bitcoin and most major altcoins have dipped to their immediate support levels, indicating that bears remain active at higher levels.
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Price analysis 7/25: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin (BTC) and most major altcoins are witnessing profit-booking on July 25 as the bulls scale back their positions before the Federal Open Market Committee meeting on July 26 through July 27. This indicates that the sentiment remains fragile and that bulls are not confident about carrying long positions into the event.
Several analysts have retained their bearish view after Bitcoin failed to sustain above the 200-week moving average at $22,780. CryptoQuant contributor Venturefounder expects the selling to resume and Bitcoin to fall as low as $14,000 before a macro bottom is confirmed.
Daily cryptocurrency market performance. Source: Coin360The institutional investors seem to be absent from the markets and the recovery is being driven by the retail investors. Data from on-chain analytics firm Glassnode showed that investors holding one Bitcoin or less have been aggressively accumulating “more now than ever.”
Could retail investors continue their frantic pace of purchasing and put a floor below Bitcoin and altcoins? Let’s study the charts of the top-10 cryptocurrencies to find out.
BTC/USDT
Bitcoin rebounded off the 20-day exponential moving average ($21,857) on July 23 but the bulls could not clear the hurdle at $23,363 on July 24. This suggests that bears are aggressively defending the overhead resistance.
Price analysis 7/25: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and most major altcoins have dipped to their immediate support levels, indicating that bears remain active at higher levels.
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Bitcoin drops below $21.8K realized price as FOMC spooks markets
Anticipated volatility comes right on schedule for crypto as the weekly close already looks like a distant memory.
Bitcoin drops below $21.8K realized price as FOMC spooks markets
Bitcoin (BTC) stuck to its realized price just below $22,000 on July 25 as Wall Street opened with a flat performance.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin gives up more key levels
Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it consolidated after falling from $23,000 overnight.
The pair echoed equities in cool trading prior to the July 27 United States Federal Reserve decision on interest rates. Analysts were expecting several days of volatility, and despite buyer interest in Bitcoin being strong below spot price, everything could still change.
“Big week ahead for the markets,” Umar Ashraf, founder of trading tool TradeZella, forecast.
“Tons of big names reporting earnings alongside with the FOMC starting Tuesday followed by the announcement on Wednesday. Big week doesn’t always mean market must see action, it could be a time period for the market to digest info for next move.”
When worlds collide: Joining Web3 and crypto from Web2
A friend of mine who is a seasoned Web2 tech executive joined a Web3 company in June. A switched-on operator, he asked to speak with all 16 staff before deciding to join the firm.
This shows that Web3 joiners need to really hone in on the mission when jumping ship from the old tech world.
Is the blockchain tech business model really plausible? You almost need to be a seasoned venture capitalist or world-class engineer when considering a new project’s potential to build a new L1 blockchain as promised — and, thus, deliver your token rewards.
The risk-reward metrics mean there are opportunities for great success. But with great success come great tax problems…
When worlds collide: Joining Web3 and crypto from Web2
A friend of mine who is a seasoned Web2 tech executive joined a Web3 company in June. A switched-on operator, he asked to speak with all 16 staff before deciding to join the firm.
This shows that Web3 joiners need to really hone in on the mission when jumping ship from the old tech world.
Is the blockchain tech business model really plausible? You almost need to be a seasoned venture capitalist or world-class engineer when considering a new project’s potential to build a new L1 blockchain as promised — and, thus, deliver your token rewards.
The risk-reward metrics mean there are opportunities for great success. But with great success come great tax problems…
When worlds collide: Joining Web3 and crypto from Web2
A friend of mine who is a seasoned Web2 tech executive joined a Web3 company in June. A switched-on operator, he asked to speak with all 16 staff before deciding to join the firm.
This shows that Web3 joiners need to really hone in on the mission when jumping ship from the old tech world.
Is the blockchain tech business model really plausible? You almost need to be a seasoned venture capitalist or world-class engineer when considering a new project’s potential to build a new L1 blockchain as promised — and, thus, deliver your token rewards.
The risk-reward metrics mean there are opportunities for great success. But with great success come great tax problems…
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