Bitcoin
BTC$57 397.14

5.51%

Ethereum
ETH$4 325.04

6.69%

Binance Coin
BNB$609.29

4.33%

Tether
USDT$1.000997

0.02%

Solana
SOL$203.84

7.44%

Cardano
ADA$1.59

5.99%

Bitcoin reclaims $30000 after hitting lowest level in a month


22 Jul 2021

#Bitcoin

After falling to its lowest level since June 22nd on Tuesday, the price of Bitcoin has rebounded back above $30,000, amid hopes that support around that level is firm enough to avoid a break lower. Technical chartists note that a “double-bottom” has formed where the price of Bitcoin has dropped to a similar level twice. In technical parlance, the charting pattern would show a potential change in the trend or momentum, which could lead to increased upside. The low, which has been touched twice, could act as support.

Nevertheless, Bitcoin is still not out of the woods yet, but the fact that Bitcoin has not collapsed on two breaches of $30,000 to the downside might suggest that the “capitulation” some were expecting is still a long way off and might never materialise.

“As we saw last month, a move below $30,000 doesn't guarantee we'll see large losses,” said Craig Erlam, Senior Market Analyst at OANDA. “Crypto bulls may even be encouraged by the apparent resilience so far, although the trend over the last couple of months doesn't look too favourable.”

Bitcoin trend

The world’s largest cryptocurrency has been trading in a range roughly between $30,000 and $40,000 for months, with a few ventures outside before settling into the long-term range. However, over the last month, Bitcoin has failed to make a firm break above $35,000.

Bitcoin remains over 50% below its all-time peak, hit in April this year. If Bitcoin can break above $31,000, the 21DMA around $32,800 could act as resistance, ahead of the 50DMA which resides around $34,500.

At 10:38BST, Bitcoin was trading around $30,900, up around 5% in the last 24 hours. Other major cryptocurrencies were also advancing. Ethereum gained 7.8% to around $1870, XRP was up 5.3% to $0.54 and Dogecoin was up 13% to $0.18.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 77.6% 42 $57 397.14 5.51% -0.13% $1 084 001 374 692 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78.8% 32 $4 325.04 6.69% 3.38% $512 656 495 446 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 73.6% 53 $609.29 4.33% 7.07% $101 630 227 689 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 96% 1 $1.000997 0.02% -0.01% $73 194 134 956 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 69.2% 65 $203.84 7.44% -8.23% $61 976 513 439 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 68.8% 60 $1.59 5.99% -11.72% $52 852 892 795 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 74.8% 51 $0.987767 7.45% -5.41% $46 582 102 093 XRP 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 91.2% 2 $0.998878 -0.13% -0.10% $38 347 542 030 USDC 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 62.4% 75 $36.25 8.95% -9.51% $35 798 276 399 DOT 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 61.6% 74 $0.205694 2.60% -7.52% $27 214 125 290 DOGE 7 days price change
11 Avalanche (AVAX) AVAX Avalanche predictions 62% 75 $112.35 3.84% -16.51% $25 147 340 195 AVAX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 63.2% 77 $0.000039 3.61% -9.86% $21 537 353 661 SHIB 7 days price change
13 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 57.2% 90 $0.766272 1.87% 10.94% $19 358 331 922 CRO 7 days price change
14 Terra (LUNA) LUNA Terra predictions 62.8% 72 $49.02 8.15% 18.38% $19 258 363 664 LUNA 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 78% 46 $56 525.74 5.34% -1.06% $14 327 926 572 WBTC 7 days price change

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