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[EQUOS]

Given recent Chinese FUD, Bitcoin is actually performing incredibly well. After a nervous weekend session, BTC sits above support at 33.6K, while the market waits to see if we break below 30K or back above the relative safety of 36.4K.

Will this be another week of continued range trading?


https://learn.eqonex.com/news/daily-btc-analysis-149

[EQUOS]

Bitcoin on-chain activity has picked up, with the hashrate, block times, and active addresses all showing a rebound from the weakness we highlighted yesterday.

The news flow today has been positive as well, setting the tone for today's price action, as the theme turned from FUD to future growth and continued adoption.

Will things look up for the rest of the week?

https://learn.eqonex.com/news/daily-btc-analysis-150

[EQUOS]

Today, we drifted lower as Bitcoin hodlers face their worst quarter since 2018's crypto winter...

A bear market with a 20% return over the last 6 months? We can probably live with that.

https://learn.eqonex.com/news/daily-btc-analysis-151

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[EQUOS]

It appears the world's PR desk has used the Chinese holiday to send out all the good news:

- George Soros, arguably the last person a central bank wants to see on the other side of a trade, received internal approval to trade Bitcoin.

- NCR (National Cash Register) and NYDIG partnered up to offer 650 US banks and credit unions the ability to buy BTC using their bank accounts—that's around 24 million customers.

- Germany passed a law to pave the way for over $400B of institutional money to flow into Digital Assets.

Will this be the catalyst that walks us back up and closer to 40K?

https://learn.eqonex.com/news/daily-btc-analysis-152

[EQUOS]

For the last month, Bitcoin traded lower on Fridays, with the weekend session offering an easy trade. Sell Friday, buy Sunday.

Without a test of 32.2K, BTC is likely to spend the weekend testing resistance and the pivotal level of 36.4K. What direction will we head in?

https://learn.eqonex.com/news/daily-btc-analysis-153

[EQUOS]

With the same starting capital in her main accounts as Bob, and both opening the same perpetual position, Alice is able to limit her loss to the amount devoted to her Sub Account, while Bob’s loss cuts into his main account. 



Trade like Alice to better manage your risk on EQONEX.

[EQUOS]

Bitcoin performed well this weekend, buoyed by the record drop in the difficulty adjustment on Saturday.

The 28% reduction in difficulty basically means miners will now receive extra Bitcoin from the efforts of their mining rigs: what returned 15 last week, will return 20 this week.

Will this drive prices up this week, or will the bears continue to persevere?

https://learn.eqonex.com/news/daily-btc-analysis-154

[EQUOS]

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[EQUOS]

Just when it looked like Bitcoin was going to push higher, prices quickly moved South: The Chinese press office has fast become the greatest line of price resistance, with well-timed releases being fed to news agencies just as crypto goes bid. On the plus side, prices rebounded quickly today. Read more below.

https://learn.eqonex.com/news/daily-btc-analysis-155

[EQUOS]

Bitcoin ​remains in a tight range, with prices mildly firmer today as the bulls look to run the market up to 36.4K from the current 34.5K level.

Will this pattern continue for the rest of the summer?

https://learn.eqonex.com/news/daily-btc-analysis-156

[EQUOS]

2020 and 2021 marked the arrival of financial institutions into the crypto space. But if you have ever traded within traditional markets, you'll remember that August is even worse than July.


Bitcoin may trade 24/7/365, but traders, do not... Especially those with lake houses.


https://learn.eqonex.com/news/daily-btc-analysis-158

[EQUOS]

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[EQUOS]

Given we are sitting right on the 50 week moving average, the market is going to need a big push to move lower.

Will we see it, or is the worst over?

https://learn.eqonex.com/news/daily-btc-analysis-159

[EQUOS]

Support at 29.7K is going to be critical, and price behavior at this level will set the tone for the week.

A quick break below 29.7K will see 28.7K come into play. Below that is 27.6K and then 25.78K, which is the last hurdle the bears need to overcome before the whispers of Bitcoin trading at $19,999 start.

Will this week see a break below 29.7K?

https://learn.eqonex.com/news/daily-btc-analysis-162

[EQUOS]

Mini bull runs continue for day traders, with a 3rd consecutive rally.
However, things still look bearish, with MACD and RSI showing negative momentum on a weekly basis.
A candle close above 35K is required to turn the market bullish.
Will next week finally take us above 35K?

https://learn.eqonex.com/news/daily-btc-analysis-166

[EQUOS]

Bitcoin fell back within the uptrend channel after pushing to a high of 40.55K. Channel support is now at 35.5K, and with resistance at 38.2K, a break above will see a swift move.

Pullbacks do happen and support below channel support sits at 34.8K, 32K, and 30K. Resistance overhead lies at 41.2K, with a swift move to 45K possible if it were to break.

Will BTC break 40K again, or will we fall back down to the lower end of the recent range?

https://learn.eqonex.com/news/daily-btc-analysis-169

[EQUOS]

We have had 8 up days in a row, the most since 2015. Prices will need to close above $40,035 to register day 9. Should we reach a day 10, this will have been the most consecutive green candles in a row since 2013.

Will we make it?

https://learn.eqonex.com/news/daily-btc-analysis-170

[EQUOS]

5 attempts through 40K have failed and are now respecting the range today. Of late, weekends have been far from a relaxing affair. Post the expiry, the market has the potential to test resistance at 40K again, but given this week's performance, even paper hands may avoid panic if BTC fails to target further upside and returns to mid-range at 36K.

Will the weekend test 40K?

https://learn.eqonex.com/news/daily-btc-analysis-171

[EQUOS]

Those that held back from buying at 30K may have just been served the reminder that this creates a strong support level, driven by increased demand, should we revisit 36.5K.

If the market doesn’t dip that far, then expect FOMO to hit hard on a break up through 42.2K.

Will dip buyers get another chance at buying below 36.5K?

https://learn.eqonex.com/news/daily-btc-analysis-172