However, it should be noted that in July, daily trading volume for BTC has surpassed its average 20-period volume on just nine days out of 25. In our view, there does not appear to be significant conviction among long or short traders at the moment. We expect that BTC prices will continue to be range-bound in the short term, with short-term support at $20,500 and resistance at approximately $23K. Source link

Bitcoin (BTC) could be in the process of bottoming after gaining 25%, based on several market signals.  BTC’s price has rallied roughly 25% after dropping to around $17,500 on June 18. The upside retrace came after a 75% correction when measured from its November 2021 high of $69,000. BTC/USD daily price chart. Source: TradingView The recovery seems modest, however, and carries bearish continuation risks due to prevailing macroeconomic headwinds (rate hike, inflation, etc.) and the collapse of… Source link

Monero Classic (XMC) gets a bullish rating from InvestorsObserver Monday. The coin is down 0.38% to $0.4410057913 while the broader crypto market is down 3.69%. Monero Classic has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero Classic! Bullish Over the last five days, Monero Classic has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score… Source link

The Litecoin price analysis shows that the cryptocurrency has gone through a bearish momentum in the latest price chart. The bearish side has already been successful in halting the upwards price movement, and the last hours have seen a major decline in the price value. The price has lowered to the level of $56.6, causing a reversal in the uptrend that followed earlier yesterday. As the price is slipping downwards now, further reduction in price can be expected as well. However, support is… Source link

Ethereum price remains in a bullish consolidation. ETH price has breached a new monthly high at $1630. Invalidation of the uptrend is a breach below $1270. Ethereum price has bullish cues, but finding an entry will be the most challenging aspect for traders. Ethereum price points higher with contingencies Ethereum price currently consolidates at around $1515. A bearish divergence was spotted on Friday, June 22, which prompted reasonable concern. Throughout the… Source link

Bitcoin [BTC] mining emerged as a controversial yet profitable industry. The mining rewards that came with the process lured an array of individuals and entities into the market. However, the immense backlash toward the mining community has driven away several members of the industry. Chinese miners however remain unfazed by the ban on crypto and continued underground mining. The hype around mining is real. But have you ever wondered how long it takes to mine one Bitcoin? Mining… Source link

Litecoin receives an average long-term technical score of 63 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. LTC currently holds a superior long-term technical… Source link

Litecoin currently ranks at the #20 position amongst the cryptocurrency leaders, with a market capitalization of $4,007,975,537 based on its circulation volume of 70,795,593.78 LTC tokens. Still, 16% of LTC tokens remain out of the circulation market. Litecoin was pronounced a brother to Bitcoin with some definite improvements but remained the only token to continue with its pure cryptocurrency code without any fork or technical modifications. Litecoin has a plethora of offerings to serve… Source link

Bitcoin fell below $22,000 to start the new trading week, as sentiment in crypto markets seems to have turned bearish. The world’s largest token saw recent price declines extended on Monday, with ethereum also experiencing similar downwards momentum. The global market cap is down over 3% as of writing. Bitcoin Bitcoin (BTC) prices were once again in the red during today’s session, as prices fell below $22,000 to start the week. The world’s largest cryptocurrency fell to an… Source link

Key Takeaways Crypto and global financial markets are bracing for a busy week ahead of the next FOMC meeting, major earnings reports, and the Q2 GDP report.  Bitcoin and Ethereum trended down early Monday and look poised for volatility over the next few days.  The top two crypto assets are currently sitting on vital support. Share this article Uncertainty is mounting around Bitcoin and Ethereum ahead of this week’s Federal Open Market Committee. Furthermore, upcoming earnings… Source link