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26 July 2021

Price analysis 7/19: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Price analysis 7/19: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC


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There is a minor support at $30,000 but if this support cracks, the BTC/USDT pair could drop to the critical support at $28,000.

If they achieve a strong rebound off it and push the price back above $31,000, it will suggest accumulation at lower levels.

The sellers will now try to sink the price below the critical support at $1,723.74.

If bears sink the price below the support zone, the BNB/USDT pair could drop to the critical support at $211.70.

Contrary to this assumption, if the price rebounds off the $276.40 to $264.26 support zone, the bulls will again try to push the price above the 50-day SMA ($327).

If sellers sink the price below $1.10, the ADA/USDT pair could retest the critical support at $1.

The bulls tried to push the price back above this level on July 18 but they could not sustain the higher levels.

If buyers can push the price back above the 20-day EMA ($0.63), it will signal the start of a relief rally that may reach the 50-day SMA ($0.74).

Conversely, if sellers sink the price below $0.50, the bearish momentum could pick up and the pair may slide to $0.45.

The failure to rise above $0.21 has attracted selling by the bears who will now attempt to pull the price below the critical support at $0.15.

This level may attract buying from the bulls and they will again try to push the price back above $13.

Alternatively, if bears sink the price below $10, the selling may continue and the pair could slide to the next support at $7.80.

The bulls attempted to push Uniswap (UNI) back above $16.93 on July 18 but the long wick on the day’s candlestick suggests that bears defended the level aggressively.

If this support also fails to hold, the decline could extend to the critical level at $13.

If bears sustain the price below $428, the pair could continue its slide and hit the critical support at $370.

Contrary to this assumption, if the price recovers and rises back above $118, it will suggest buying at lower levels.

The bulls will then again attempt to push the price above the 20-day EMA ($130).

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BTC gains 15% in 3 hours amid tight squeeze
published: 39 minutes ago
A sharp squeeze has seen Bitcoin quickly rally to test $40,000 for the first time in roughly six weeks, reclaiming its 50-day moving average in the process.

sentiment (-0.1) Negative

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cointelegraph.com
Market data feeds provided by cryptocompare.com
bitsmart 2021