Price Analysis 7/25: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and most major altcoins have fallen to their immediate support levels, indicating that the bears remain active at higher levels.
Price analysis
Bitcoin (BTC) and most major altcoins post profits on July 25 as bulls trim positions ahead of the July 26-27 Federal Open Market Committee meeting. This indicates that sentiment remains fragile and bulls are unsure whether to carry long positions in the event.
Several analysts maintained their bearish view after Bitcoin failed to hold above the 200-week moving average at $22,780. CryptoQuant contributor Venturefounder expects selling to resume and Bitcoin to fall to $14,000 before a macro low is confirmed.
Daily performance of the cryptocurrency market. Source: Coin360Institutional investors appear to be absent from the markets and the recovery is driven by retail investors. Data from on-chain analytics firm Glassnode showed that investors holding one bitcoin or less aggressively accumulated "more than ever".
Could retail investors continue their buying frenzy and put a floor under Bitcoin and altcoins? Let's study the charts of the top 10 cryptocurrencies to find out.
Bitcoin and most major altcoins have fallen to their immediate support levels, indicating that the bears remain active at higher levels.
Price analysis
Bitcoin (BTC) and most major altcoins post profits on July 25 as bulls trim positions ahead of the July 26-27 Federal Open Market Committee meeting. This indicates that sentiment remains fragile and bulls are unsure whether to carry long positions in the event.
Several analysts maintained their bearish view after Bitcoin failed to hold above the 200-week moving average at $22,780. CryptoQuant contributor Venturefounder expects selling to resume and Bitcoin to fall to $14,000 before a macro low is confirmed.
Daily performance of the cryptocurrency market. Source: Coin360Institutional investors appear to be absent from the markets and the recovery is driven by retail investors. Data from on-chain analytics firm Glassnode showed that investors holding one bitcoin or less aggressively accumulated "more than ever".
Could retail investors continue their buying frenzy and put a floor under Bitcoin and altcoins? Let's study the charts of the top 10 cryptocurrencies to find out.
What's Your Reaction?
