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Can the cryptocurrency market remain bullish on the first days of August?

Mikhailev by Mikhailev
August 1, 2022
in Cryptocurrency
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Can the cryptocurrency market remain bullish on the first days of August?
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Many of the cash confronted a correction interval on the final day of the week.

Chart

BTC/USD

Regardless of the slight decline, the speed of Bitcoin (BTC) has risen by 5.19% over the past 7 days.

BTCUSD

BTC/USD chart by TradingView

On the weekly chart, Bitcoin (BTC) appears to be like bullish as the speed stays above the $23,000 mark. If bulls can maintain the initiative, one can count on a continued rise to the $25,000 zone on the primary days of the upcoming month.

Such a situation is related till mid-August. Bitcoin is buying and selling at $23,710 at press time.

ETH/USD

Ethereum (ETH) has gained much more than Bitcoin (BTC) as the speed has grown by nearly 8%.

ETH

ETH/USD chart by TradingView

Ethereum (ETH) has continued the rise after the false breakout of the mirror stage at $1,476. On this case, the extra possible situation is a check of the $1,900-$2,000 space throughout the subsequent days. Ethereum is buying and selling at $1,711 at press time.

XRP/USD

XRP is exhibiting the identical progress as Ethereum (ETH), rising by 8%.

XRP

XRP/USD chart by TradingView

XRP is buying and selling close to its resistance stage at $0.3893 on the weekly chart. If the candle closes above this mark, there’s a excessive risk to see a pointy upward transfer to the $0.40 zone quickly.

XRP is buying and selling at $0.3895 at press time.



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