Bitcoin (BTC) Price Analysis for July 13 – U.Today
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
The market is trading side ways, as the volatility of most of the coins has fallen.
Top coins by CoinMarketCap
The price of Bitcoin (BTC) has declined by 0.80% over the last 24 hours.
Image by TradingView
On the local chart, the rate of BTC has set a resistance level at $30,692. At the moment, one should focus on the bar closure. If it happens above $30,600, there is a chance to see a breakout tomorrow.
Image by TradingView
On the daily time frame, the situation is neutral as the rate keeps accumulating energy for a further sharp move.
However, until it happens, consolidation in the range of $30,200-$30,800 is the more likely scenario for Bitcoin (BTC).
Image by TradingView
From the midterm point of view, the picture is similar as the rate is not ready yet to grow or to fall. But if buyers manage to get back to the $31,000 zone and the candle closes with a long wick, there is a probability of seeing a test of the resistance.
Bitcoin (BTC) is trading at $30,622 at press time.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.