Bitcoin update


After forming a bearish candlestick on July 5, BTC fell as low as $33,125 before rebounding.

Technical indicators are bearish. The MACD histogram has formed a lower momentum bar (red icon) that could signal bearish in case of another negative daily close.

The momentum indicator using the stochastic oscillator i.e. support and resistance levels is making a bullish trend (green circle), while the RSI is still below 50.

The closest area of ​​resistance is located at $40,550. The nearest level of support is at $31,400.

Altcoin update

Total cryptocurrency market cap rose 2.5% to $1.52 trillion today. Its market cap has been growing gradually since the decline of $1.32 trillion on June 23. It reached the high range of $1.83 trillion on June 4.

The majority of cryptocurrencies in the top 100 have grown in the last 24 hours. Many even earned double-digit percentages. The best performer in the last 24 hours has been KuCoin Token (KCS), which has increased by more than 41% in the past day and increased by 51% last week. Ecomi (OMI) and Synthetix Network Token (SNX) also continue to climb today. The value of both has increased by more than 35%.

XDC Network (XDC) was the biggest loser of the day so far. XDC is down 5% on the day, but last week XDC is one of the biggest gainers, gaining over 54%.

In this way, XDC has not yet lost the trust of its investors. Most investors still continue to trust the XDC coin.


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