Recent Performance
The price of Bitcoin rose to a new all-time high of 123,153.$ on July 14, supported by huge inflows into ETF funds.
Its price has recently retreated to around $117,000 after taking profits.
Hosam mohsen
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$BTC $ETH $XRP
🛑🛑🛑Urgent Update Urgent Urgent🛑🛑🛑
As I mentioned earlier, if Bitcoin breaks the level of 118,800, we will witness a subsequent rise. Otherwise, there will be no rise. This is what happened first. A false breakout to 119,300, then it returned to the area of 118,400, then a retest, then a surge to the area of 123,200, which is a new number recorded by Bitcoin. However, there is a possibility that Bitcoin will return to levels of 116,000 or to the breakout area it broke. I believe there is negative divergence, which reflects the likelihood of an upcoming corrective drop. The reason is that the 4H Relative Strength Index (RSI) has reached overbought levels. Negative divergence has also appeared in these areas. The correction of Bitcoin may not complete and may start before next month. With the end of the last weeks of July, the rise is currently considered good or not good for alternative currencies, so we must wait, but it is important to know that the liquidity of alternative currencies has not moved much up to this moment. The liquidity reached a level of 283 billion previously. A day ago, it was 275 billion. Yes, there is movement, but for large currencies like SOL, XRP, ADA, LINK, FIL, and other well-known old coins in the market. As for other new coins, they will not see any movement as they do not support liquidity yet. Everything moves with the movement of Bitcoin. Otherwise, we need to know when to enter trades or wait.
#BTC120kVs125kToday #USCryptoWeek #MemecoinSentiment
🛑🛑🛑Urgent Update Urgent Urgent🛑🛑🛑
As I mentioned earlier, if Bitcoin breaks the level of 118,800, we will witness a subsequent rise. Otherwise, there will be no rise. This is what happened first. A false breakout to 119,300, then it returned to the area of 118,400, then a retest, then a surge to the area of 123,200, which is a new number recorded by Bitcoin. However, there is a possibility that Bitcoin will return to levels of 116,000 or to the breakout area it broke. I believe there is negative divergence, which reflects the likelihood of an upcoming corrective drop. The reason is that the 4H Relative Strength Index (RSI) has reached overbought levels. Negative divergence has also appeared in these areas. The correction of Bitcoin may not complete and may start before next month. With the end of the last weeks of July, the rise is currently considered good or not good for alternative currencies, so we must wait, but it is important to know that the liquidity of alternative currencies has not moved much up to this moment. The liquidity reached a level of 283 billion previously. A day ago, it was 275 billion. Yes, there is movement, but for large currencies like SOL, XRP, ADA, LINK, FIL, and other well-known old coins in the market. As for other new coins, they will not see any movement as they do not support liquidity yet. Everything moves with the movement of Bitcoin. Otherwise, we need to know when to enter trades or wait.
#BTC120kVs125kToday #USCryptoWeek #MemecoinSentiment
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