Technical Analysis
Bitcoins opens at $32K. It hits lowest at $32K and highest at $32K and stable around $31K ~ $32K. The average transaction fee is $1.96 which is 2.49% decrease from 07-22-21. Fear and Greed level is at 23.
Here are some highlights to support my analysis:
Bitcoin Value =Β $28k ~ $35k and my position is Long.
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Current News Summary:
Todayβs sentimental news and comments:
Bullish News π
Twitter introduced tip jar aims for blockchain adoption. Jack Dorsey has a vision for Bitcoin to be a currency to reward Twitter content creators. Although many payment systems have already been linked into, he sees Bitcoin as fundamentally changing the existing system.I think Jack Dorsey is a doer. He has a clear vision to change social media platforms that integrate the Bitcoin payment system into Twitter.
Gallup survey found U.S. Bitcoin owning is triple! But wait, from 2% adoption in 2018 to 6% in 2021!Β Woohoo for the win?!
Amazon entered into Bitcoin payments? Speculation comes from Amazon Jobs website of hiring a Digital Currency and Blockchain Product Lead. It is just too early to speculate but it seems Amazon has some interest in Bitcoin payments. Although they are running Ethereum nodes on their cloud services with at least 8,000 nodes, they are likely preparing for the future.
Bearish News π
El Salvadorians march into the street against Bitcoin because it is too volatile. They are fearful of public corruption and the operations of drug, arms and human traffickers, extortionists and tax evaders. Some many criminals in El Salvador (just joking).Β Legalized Bitcoin may mean open arms to illegal activities.
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You can reference my previous monthly Bitcoin and Ethereum analysis here β¬οΈβ¬οΈ:
Note:some links refer at the beginning of next month that include all previous month links of reports
πͺπͺ January 2021 Technical Analysis Summary ππ
πͺπͺ February 2021 Technical Analysis Summary ππ
πͺπͺ March 2021 Technical Analysis Summary ππ
πͺπͺ April 2021 Technical Analysis Summary ππ
πͺπͺ May 2021 Technical Analysis Summary ππ
πͺπͺ June 2021 Technical Analysis Summary ππ
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You can reference my previous daily Bitcoin analysis here β¬οΈβ¬οΈ:
Bitcoin Technical Analysis 06-30-21π
Bitcoin Technical Analysis 07-01-21π
Bitcoin Technical Analysis 07-02-21π
Bitcoin Technical Analysis 07-03-21π
Bitcoin Technical Analysis 07-04-21π
Bitcoin Technical Analysis 07-05-21π
Bitcoin Technical Analysis 07-06-21π
Bitcoin Technical Analysis 07-07-21π
Bitcoin Technical Analysis 07-08-21π
Bitcoin Technical Analysis 07-09-21π
Bitcoin Technical Analysis 07-10-21π
Bitcoin Technical Analysis 07-11-21π
Bitcoin Technical Analysis 07-12-21π
Bitcoin Technical Analysis 07-13-21π
Bitcoin Technical Analysis 07-14-21π
Bitcoin Technical Analysis 07-15-21π
Bitcoin Technical Analysis 07-16-21π
Bitcoin Technical Analysis 07-17-21π
Bitcoin Technical Analysis 07-18-21π
Bitcoin Technical Analysis 07-19-21π
Bitcoin Technical Analysis 07-20-21π
Bitcoin Technical Analysis 07-21-21π
Bitcoin Technical & Sentimental Analysis 07-22-21π
You can reference my Bitcoin methodology here and here.
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You can reference my previous daily Ethereum analysis here β¬οΈβ¬οΈ:
Ethereum Technical Analysis 06-30-21π
Ethereum Technical Analysis 07-01-21π
Ethereum Technical Analysis 07-02-21π
Ethereum Technical Analysis 07-03-21π
Ethereum Technical Analysis 07-04-21π
Ethereum Technical Analysis 07-05-21π
Ethereum Technical Analysis 07-06-21π
Ethereum Technical Analysis 07-07-21π
Ethereum Technical Analysis 07-08-21π
Ethereum Technical Analysis 07-09-21π
Ethereum Technical Analysis 07-10-21π
Ethereum Technical Analysis 07-11-21π
Ethereum Technical Analysis 07-12-21π
Ethereum Technical Analysis 07-13-21π
Ethereum Technical Analysis 07-14-21π
Ethereum Technical Analysis 07-15-21π
Ethereum Technical Analysis 07-16-21π
Ethereum Technical Analysis 07-17-21π
Ethereum Technical Analysis 07-18-21π
Ethereum Technical Analysis 07-19-21π
Ethereum Technical Analysis 07-20-21π
Ethereum Technical Analysis 07-21-21π
Ethereum Technical & Sentimental Analysis 07-22-21π
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You can reference my previous daily Dogecoin analysis here β¬οΈβ¬οΈ:
Doge Analysis 12-28-21π
Doge Analysis 01-01-21π
Doge Analysis 01-02-21π
Doge Analysis 01-11-21π
Doge Analysis 01-28-21π
Doge Analysis 02-04-21π
Doge Analysis 02-07-21π
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You can reference my previous weekly Cryptomarket forecast analysis here β¬οΈβ¬οΈ:
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21π₯π₯
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21π₯π₯
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21π₯π₯
Crytomarket Weekly Overview and Forecast 02-12-21 to 02-19-21π₯π₯
Crytomarket Weekly Overview and Forecast 02-19-21 to 02-26-21π₯π₯
Crytomarket Weekly Overview and Forecast 02-26-21 to 03-05-21π₯π₯
Crytomarket Weekly Overview and Forecast 03-05-21 to 03-12-21π₯π₯
Crytomarket Weekly Overview and Forecast 03-12-21 to 03-19-21π₯π₯
Crytomarket Weekly Overview and Forecast 03-19-21 to 03-26-21π₯π₯
Crytomarket Weekly Overview and Forecast 03-26-21 to 04-02-21π₯π₯
Crytomarket Weekly Overview and Forecast 04-02-21 to 04-09-21π₯π₯
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Check out my Ah moment here β¬οΈβ¬οΈ:
πAh moment 05-31-21π
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Risk forecast guideline:
Risk Averse means you can use as defense π‘οΈ
Risk Seeking means you can use as offense βοΈ
Risk Neutral means no decision made and continue seeking opportunities ποΈ
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Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.