Market Analysis of Bitcoin on Monday 19 July 2021

2021-07-19 13:40Source:BtcDana

On Monday, Bitcoin’s volatility was very small, and market activity was low. Currently Bitcoin is fluctuating at around 31650. As of July 19, the current Bitcoin price spread over the yearly period was 1.44%, down 2.77% from the previous day. Wall Street regulators are giving permit to Bitcoin ETFs yet. Fed Chair Powell: If the US dollar goes digital, Bitcoin will disappear. Data: Crypto Whale has added $3.21 billion BTC to its portfolio since May. From a technical perspective, bitcoin's daily candle is closed the doji for 3 days in a row.  On the 4-hour chart, bitcoin is fluctuating on a rectangular pattern and losing its direction. The indicators are also relatively neutral, and the overall downtrend remains unchanged. Overall, prioritise sell at high prices within the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 31000



https://asset.ycxfy.com/upload/file/1626624000000/1626676545976.jpeg

Resistance:32400-33200-34300

Support:31000-30000-28800


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