Market Analysis of Bitcoin on Thursday 15 July 2021

2021-07-15 14:50Source:BtcDana

On Wednesday Bitcoin weakened slightly and rebounded slightly. On Thursday (today) Bitcoin is under pressure and is currently around 32600. The current Bitcoin price spread over the yearly period is 5.41%, an increase of 0.56% from the previous day. Bitcoin's average computing power in 1 the last day was 120E, the average computing power in the last 3 days was 103E, and the average computing power in the last 7 days was 100E. The European Central Bank announced the launch of the digital Euro project, and no major technical obstacles were found in the trial before. From a technical perspective, Bitcoin's daily volatility is relatively small. The recent market activity has decreased significantly. Bitcoin is sideways and the 4-hour chart shows that Bitcoin hit a short-term low of 31,583 then rebounded slightly and the downwards channel was fully formed. The indicator is still under pressure and showing bearish signals. Overall selling at high prices within the fluctuation zone. The deciding point whether to buy or sell is near 31500


https://asset.ycxfy.com/upload/file/1626278400000/1626334911050.jpeg

Resistance:33200-34000-34700

Support:32000-31600-30000


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