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BTC/USD - Weekly OverviewAs previously suggested by our team of analysts, Bitcoin is moving within the rising channel pattern marking higher highs and higher lows. The pattern also represents positive sentiment present in the overall market conditions. Considering moving averages, MA-50 is showcasing a positive trend on that chart and had provided support to the price level on multiple occasions during the past couple of weeks The MACD level is also looking at the potential to have bullish crossover which can further result in more positive momentum for the world’s largest cryptocurrency. The RSI level is also backing the hypothesis of a positive trend as a sharp positive bounceback is reflected on the chart. The current level is residing at around 62.10. Overall, BTC has developed strong sustainability around $22.5K and $21K. If the positive momentum continues to sustain, it can face resistance at $24K and $25K respectively.
COINBASE:BTCUSDLong
by TradeDog-Research
BTC/JPY - weekly Analytics + Altcoins 01.08.2022At the moment bitcoin is most likely being corrected by the momentum that began on July 26, the correction should not change the existing growing trend. The idea that a major player bought bitcoin at an average price of 2774000 remains valid, further impulse growth from the current marks will confirm this idea. Altcoins At the moment, the key resistance in the coin TRX is 0,07, the price is pressed to it, further breakdown will accelerate the upward movement.
Long
by Yosu_Fund
BTC/USD - weekly Analytics + Altcoins 01.08.2022At the moment bitcoin is most likely being corrected by the momentum that began on July 26, the correction should not change the existing growing trend. The idea that a major player bought bitcoin at an average price of 20,500 remains valid, further impulse growth from the current marks will confirm this idea. Altcoins At the moment, the key resistance in the coin TRX is 0,07, the price is pressed to it, further breakdown will accelerate the upward movement.
Long
by Yosu_Fund
BTC/USD - Weekly OverviewOver the past week, Bitcoin has formed a rising channel pattern, indicating that positive momentum is building up. After consolidating between the price range of $18K-$22K, the price level had a positive breakout above the resistance level of $23K and sustained it as well. The positive crossover of MA-10 against MA-20 is another bullish signal currently present. However, the price level sustainability above MA-10 looks vulnerable. The RSI level also sustains well above 50, indicating that bulls are in a stronger position. The MACD level is also hovering above the histogram while forming green bars. However, it looks vulnerable to a bearish crossover on a shorter timeframe. Overall, the resistance levels can be placed at $25K and $27K, respectively, while if the market sentiment turns negative, support levels can be set at $22K and $20K.
COINBASE:BTCUSDLong
by TradeDog-Research
Near Monthly Chart AnalysisOn Monthly timeframe of near ,we can see it has retraced all the way to last year June July levels ..if previous year pattern has to be followed near should bounce off from here to tp atleast 7-7.5$ by the end of next month..as for btc monthly closing above 22.8k would be bullish for it and further rally for 28-30k area would be expected in August month..and there is no interest hike in August month we might see some relief pumps in alts and btc ..My target for August 31 midnight is 6.75$
Long
by ayazmd786
Inverse Correlation Between BTC and US Dollar Economic narratives and dialogues covering crypto and traditional market trends have discussed the hypothesis of inverse correlation between Bitcoin and the US Dollar. As the world’s largest cryptocurrency was created with the vision of decentralized substitution for centralized fiat currencies, we have seen the hypothesis becoming true in the past couple of days. As reflected in the chart, BTC is definitely thriving on a weaker dollar.
TVC:DXY
by TradeDog-Research
BTC/JPY - weekly Analytics + Altcoins 25.07.2022At the moment bitcoin is in the correction phase to the momentum, which originated on July 13, 2022. It is a counter-trend movement, but according to our expectations it should not change it, the upward momentum will confirm this idea. Altcoins: Tron continues to be in a consolidation phase, which is positive for future growth, often after such consolidations strong impulse waves are formed, we still see prospects for growth in this coin.
Long
by Yosu_Fund