Price analysis 7/21: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT
Several Bitcoin price indicators suggest that BTC’s narrow trading range could end soon, resulting in a volatile price move in BTC and altcoins.
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Several Bitcoin price indicators suggest that BTC’s narrow trading range could end soon, resulting in a volatile price move in BTC and altcoins.
Bitcoin's failure to rebound off strong support levels increases the risk of a deeper correction that could also negatively impact altcoins.
Bitcoin bulls have failed to step in, increasing the chance for a retest of the $29,500 support.
Bitcoin and several altcoins are taking a breather after the sharp rally of the past two days, but the general trend remains bullish.
Bitcoin continues to face strong resistance at $31,000, but supportive macroeconomic factors could tilt the advantage in favor of the bulls.
The weakness in the U.S. Dollar Index bodes well for Bitcoin and altcoins in the near term.
Bitcoin and select altcoins are finding buyers at lower levels, indicating a pick-up in positive sentiment.
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The bulls are trying to nudge Bitcoin above the critical resistance of $31,000, which may start a broad-based crypto rally.
The rejection of ETF applications by the SEC caused a knee-jerk reaction but the shallow fall in Bitcoin and several altcoins suggests that lower levels are attracting buyers.