Insights & Innovations in Cryptonaire Weekly!

Insights & Innovations in Cryptonaire Weekly!

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Dear , The S&P 500 Index (SPX) rose about 2% last week to hit a new lifetime high, while Bitcoin collapsed 11% during the same period to hit its lowest weekly close in four months. This shows that Bitcoin has been underperforming the equity markets in the near term. However, some solace for the Bitcoin bulls comes from maintaining BTC price above the critical support of $56,552. Bitcoin’s weakness has resulted in a pullback in several altcoins, which several investors view as a buying opportunity. According to CoinShares July 8 report, digital investment products witnessed inflows of $441 million last week. Bitcoin closed below the $56,552 support on July 7, but the bears could not maintain the momentum and sink the price below $53,485. The tail on the July 8 candlestick shows that the bulls are aggressively defending the zone between $56,552 and $53,485. The BTC/USDT pair could rise to the 20-day EMA ($60,625), an important resistance to watch out for. If the price breaks down sharply from the 20-day EMA, it will indicate that the sentiment remains negative and traders are selling on rallies. That will put the $53,485 support at risk of breaking down. The next support on the downside is at $50,000. On the other hand, if buyers kick the price above the 20-day EMA, it will suggest that the pair may swing inside the $53,485 to $73,777 range for a few more days. Lastly please check out the advancement’s happening in the cryptocurrency world. READ NOW OVER $122M BITCOIN LONGS BITCOIN MINERS HUT 8 LANDS JAPAN'S META PLANET WANTS TO Top Article This Week! STREAMLING PROCUREMENT THE SUPER PHOENIX DAO EXPLAINED THE INFINITE MINT The information you’ll find in this email is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgment and perform due diligence before using the information in this email. Your success is still up to you. Nothing in this email is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. We also recommend that you check all UK laws to make sure you are in compliance when you create your online business. If you break the city or other local laws, we will not be held liable for any damages you incur

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