Цена биткоина се приближава критичном 200-недељном покретном просеку док Етхереум дотиче 1.5 хиљада долара

Битцоин (BTC) hovered at $22,000 at the July 18 Wall Street open as analysts warned that bulls would not break resistance in one go.

Can Bitcoin win back bear market support?

Подаци из Цоинтелеграпх Маркетс Про ТрадингВиев showed BTC/USD returning to consolidate after hitting highs of $22,500 on Bitstamp.

That level represented the start of sell-side positions on exchanges clustered around the 200-week moving average (WMA), a key area which commentators argued would be hard to crack.

“Not expecting continuation on Bitcoin, at this point, as we’re facing 200-Week MA & range resistance,” Cointelegraph contributor Michaël van de Poppe Рекао Твиттер пратиоци у његовом најновијем ажурирању.

Fellow trader and analyst Rekt Capital, as others, was also skeptical about the potential for Bitcoin to continue upward momentum immediately.

#БТЦ still remains below the 200-week MA resistance

Until that level breaks, it’s technically premature to assume this is now a sustained relief rally$ БТЦ #Црипто #Битцоин

- Рект Цапитал (@ректцапитал) Јула КСНУМКС, КСНУМКС

Van de Poppe nonetheless added that a breather for the market would be profitable at current levels. He concluded:

“Slight consolidation would trigger continuation and break above $22.6K would activate massive longs towards $28K. Good times.”

Both Bitcoin and altcoins made the most of relief on equities markets on the day, with Asia and the United States making modest gains as the U.S. dollar retreated.

The S&P 500 and Nasdaq Composite Index were up 0.7% and 1%, respectively, at the time of writing, one hour after the opening bell.

“Prime time for Bitcoin,” on-chain analytics resource Whalemap meanwhile forecast, offering a more optimistic take based on major buyer interest below spot price.

Prime time for #Битцоин

Bounce from whale supports at ~$21k and we are ready to pic.twitter.com/x8hcmcgUw0

- вхалемап (@ вхале_мап) Јула КСНУМКС, КСНУМКС

Data from fellow monitoring resource Material Indicators showed similar support building on the Binance order book.

Ethereum preserves performance

On altcoins, the show was still being stolen by Ether (ETH), which lingered near $1,500 after sealing its highest levels in over a month, with huge gains against BTC инцлудед.

Релатед: БТЦ рудари 'коначно капитулирају' — 5 ствари које треба знати у Битцоин-у ове недеље

Beating even Bitcoin’s progress, ETH/USD was the darling of traders on the day, firmly upending the previously dire price action in place from May onwards at the start of the Terra (LUNA) — now called Terra Classic (LUNC) — debacle.

This is the first time, in 110 Days, that #Етхереум has broken into a bullish trend, printing Higher Lows & Higher High.

Bears in disbelief.#цриптоцурренци pic.twitter.com/MA2KAYzyWu

— вук (@ИмНотТхеВолф) Јула КСНУМКС, КСНУМКС

Upcoming resistance lay in the form of Ethereum’s all-time high from the previous Bitcoin циклус преполовљења at $1,530, which it touched in early 2018.

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