Bitcoin (BTC) up 0.6% within the final 24 hours and 0.1% since midnight. The present value on the time of writing is $23,100 on the crypto alternate. Coinbase and 22,730 euros on the Dutch inventory alternate. Fight. Buying and selling quantity has fallen 6% within the final 24 hours. The entire market capitalization of Bitcoin on the time of writing is $441 billion and Bitcoin dominance is 40.7%.
bitcoin information from yesterday
Bitcoin drops to $17,000?
Revenue Blue, a well known analyst on Twitter, expects Bitcoin to fall once more. The analyst sees the worth because the so-called double high create a sample. This sample is fashioned when the worth stops twice close to the identical degree attributable to an excessive amount of resistance. Theoretically, that is typically additionally bearish sign.
— PROFIT BLUE (@profit8lue) August 2, 2022
The analyst expects the present uptrend to finish when the channel backside is retested. Bitcoin will then first discover assist round $20,700 earlier than dropping to $17,000.
Premium Cryptanalysis of the Day: VeChain (VET)
VeChain (VET) landed completely within the anticipated promoting zone outlined by a Crypto Insiders analyst in a report. Discord Wednesday was divided. From this degree, we anticipate the coin to say no. On the 4-hour chart, a WXY Elliott wave sample is forming. Wave Y ends between 100% and 123.2% Fibonacci WX. In accordance with the idea, that is at all times adopted by a recession.
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