empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

01.07.202116:48 Forex Analysis & Reviews: Bitcoin Hot Forecast for 1st of July

  • BTC retraced yesterday.
  • Support found around $33,000.
  • Next target at $40,000

Exchange Rates 01.07.2021 analysis

Bitcoin price analysis is bullish for today as the market has retraced over the past 24 hours. The bulls are getting ready to push the market higher to reach the $40,000 major resistance.

The overall market trades with mixed results over the last 24 hours. Bitcoin has decreased by 2.76 percent, while Ethereum remains almost flat. The rest of the altcoin market trades with similar, low volatility results.

BTC/USD is trading in a range of $33,112 – $35,197, indicating a moderate amount of volatility. Trading volume has increased by 16.12 percent and totals $38.8 billion. The total market cap stands at around $632.4 billion, resulting in a market dominance of 45.3 percent.

On the 4-hour chart, we can see the Bitcoin price moving lower over the past 24 hours to establish a higher low from which to move higher later this week.

The overall market trades within a neutral price action movement over the past weeks with strong support around $31,000 and resistance around $38,000. Last week, we saw BTC/USD retest the $31,000 support and set a slightly higher low, indicating further upside.

This price action development resulted in Bitcoin moving higher over the past few days and set further indicating that bulls are gaining momentum. Yesterday Bitcoin saw a slight retracement to the $33,000 mark, where a higher low could be established.

The next target to the upside is the $38,000 resistance, which, if broken, could lead to a lot more upside over the following weeks. However, we could still see further downside over the next 24 hours if the $33,000 support fails to hold.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Jan Novotny,
Analytical expert of InstaSpot
© 2007-2024
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

Guadagna sulle variazioni del tasso di criptovaluta con InstaSpot
Scarica MetaTrader 4 e apri la tua prima transazione
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.