Basheer_Algundubi
--
XRP's bullish trend in July threatened as Bitcoin price holds at $120,000
This is a daily analysis of the top tokens with CME futures contracts.
Bitcoin $BTC : Continued price range fluctuation with MACD indicator hints at a downward trend
Bitcoin reached its all-time high above $123,000 on July 14 before entering a period of consolidation. Since then, prices have remained within a defined price range between the resistance level of $120,000 and the support level of $116,000, with bulls failing once again to establish themselves above this level over the past 24 hours. This volatile trading, along with the flattening of the daily moving averages and the daily MACD indicating a bearish shift, has increased the risk of a pullback. However, the upward trend line from June's lows remains intact, keeping hopes alive for a bullish resolution that could lead to new record highs.
Bitcoin $BTC : Continued price range fluctuation with MACD indicator hints at a downward trend
Bitcoin reached its all-time high above $123,000 on July 14 before entering a period of consolidation. Since then, prices have remained within a defined price range between the resistance level of $120,000 and the support level of $116,000, with bulls failing once again to establish themselves above this level over the past 24 hours. This volatile trading, along with the flattening of the daily moving averages and the daily MACD indicating a bearish shift, has increased the risk of a pullback. However, the upward trend line from June's lows remains intact, keeping hopes alive for a bullish resolution that could lead to new record highs.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
127
0