Key Bitcoin Price Analysis — July 10
After aggressively breaking the 100 EMA resistance last Thursday, Bitcoin tapped a peak near 22.5K, its highest point in July. Not surprisingly, however, the benchmark cryptocurrency could not sustain this bullish resurgence, prompting a correction.
That said, BTC is on a journey to the 21K support, where we could see a bullish resumption or a return to the sub-20K area. Given its precedent, the Asian market open later today should set the tone for the market in the new week. Nonetheless, a breach below the 20K mark would be a tough challenge for bears as the market tilts towards a bullish continuation.
Meanwhile, my resistance levels are at $22,000, $22,500, and $23,000, and my key support levels are at $21,000, $20,000, and $19,000.
Total Market Capitalization: $941.2 billion
Bitcoin Market Capitalization: $406.2 billion
Bitcoin Dominance: 43.1%
Market Rank: #1
That said, BTC is on a journey to the 21K support, where we could see a bullish resumption or a return to the sub-20K area. Given its precedent, the Asian market open later today should set the tone for the market in the new week. Nonetheless, a breach below the 20K mark would be a tough challenge for bears as the market tilts towards a bullish continuation.
Meanwhile, my resistance levels are at $22,000, $22,500, and $23,000, and my key support levels are at $21,000, $20,000, and $19,000.
Total Market Capitalization: $941.2 billion
Bitcoin Market Capitalization: $406.2 billion
Bitcoin Dominance: 43.1%
Market Rank: #1
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