Bitcoin Technical & Sentimental Analysis 08-01-21

By xuanling11 | Crypto Learning | 2 Aug 2021


Technical Analysis

Bitcoins opens at $41K. It hits lowest at $40K and highest at $42K and stable around $39K ~ $40K. The average transaction fee is $2.27 which is 4.22% decrease from 07-31-21. Fear and Greed level is at 60.

Here are some highlights to support my analysis:

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Bitcoin Value =Β  $28k ~ $40k and my position is Long.

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Current News Summary:

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Today’s sentimental news and comments:

Bullish News πŸ“ˆ

Bank of America is watching El Salvador’s Bitcoin adoption as a legal tender for the country. It believes that potentially the country may open up business opportunities with the U.S. in the future.

Despite its stock crashes, PayPal continues adopting crypto and expanding their business internationally. PayPal sees the threat and opportunity of crypto in the future.

Bearish News πŸ“‰

Despite crypto gaining more attraction, scammers target specifically people. In the long term, it jeopardizes the reputation of crypto.

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Also, if you have any suggestions, please do not hesitate to let me know!

Thanks for reading and see you tomorrow!

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You can reference my previous monthly Bitcoin and Ethereum analysis here ⬇️⬇️:
Note:some links refer at the beginning of next month that include all previous month links of reports
πŸ’ͺπŸ’ͺ January 2021 Technical Analysis Summary πŸš€πŸš€
πŸ’ͺπŸ’ͺ February 2021 Technical Analysis Summary πŸš€πŸš€
πŸ’ͺπŸ’ͺ March 2021 Technical Analysis Summary πŸš€πŸš€
πŸ’ͺπŸ’ͺ April 2021 Technical Analysis Summary πŸš€πŸš€
πŸ’ͺπŸ’ͺ May 2021 Technical Analysis Summary πŸš€πŸš€
πŸ’ͺπŸ’ͺ June 2021 Technical Analysis Summary πŸš€πŸš€
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You can reference my previous daily Bitcoin analysis here ⬇️⬇️:
Bitcoin Technical Analysis 06-30-21πŸ“‰
Bitcoin Technical Analysis 07-01-21πŸ“‰
Bitcoin Technical Analysis 07-02-21πŸ“ˆ
Bitcoin Technical Analysis 07-03-21πŸ“ˆ
Bitcoin Technical Analysis 07-04-21πŸ“ˆ
Bitcoin Technical Analysis 07-05-21πŸ“‰
Bitcoin Technical Analysis 07-06-21πŸ“ˆ
Bitcoin Technical Analysis 07-07-21πŸ“‰
Bitcoin Technical Analysis 07-08-21πŸ“‰
Bitcoin Technical Analysis 07-09-21πŸ“‰
Bitcoin Technical Analysis 07-10-21πŸ“‰
Bitcoin Technical Analysis 07-11-21πŸ“‰
Bitcoin Technical Analysis 07-12-21πŸ“‰
Bitcoin Technical Analysis 07-13-21πŸ“‰
Bitcoin Technical Analysis 07-14-21πŸ“‰
Bitcoin Technical Analysis 07-15-21πŸ“‰
Bitcoin Technical Analysis 07-16-21πŸ“‰
Bitcoin Technical Analysis 07-17-21πŸ“‰
Bitcoin Technical Analysis 07-18-21πŸ“‰
Bitcoin Technical Analysis 07-19-21πŸ“‰
Bitcoin Technical Analysis 07-20-21πŸ“‰
Bitcoin Technical Analysis 07-21-21πŸ“ˆ
Bitcoin Technical & Sentimental Analysis 07-22-21πŸ“ˆ
Bitcoin Technical & Sentimental Analysis 07-23-21πŸ“ˆ
Bitcoin Technical & Sentimental Analysis 07-24-21πŸ“ˆ
Bitcoin Technical & Sentimental Analysis 07-25-21πŸ“ˆ
Bitcoin Technical & Sentimental Analysis 07-26-21πŸ“‰
Bitcoin Technical & Sentimental Analysis 07-27-21πŸ“ˆ
Bitcoin Technical & Sentimental Analysis 07-28-21πŸ“ˆ
Bitcoin Technical & Sentimental Analysis 07-29-21πŸ“‰
Bitcoin Technical & Sentimental Analysis 07-30-21πŸ“ˆ
Bitcoin Technical & Sentimental Analysis 07-31-21πŸ“ˆ
You can reference my Bitcoin methodology here and here.
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You can reference my previous daily Ethereum analysis here ⬇️⬇️:
Ethereum Technical Analysis 06-30-21πŸ“‰
Ethereum Technical Analysis 07-01-21πŸ“‰
Ethereum Technical Analysis 07-02-21πŸ“ˆ
Ethereum Technical Analysis 07-03-21πŸ“ˆ
Ethereum Technical Analysis 07-04-21πŸ“ˆ
Ethereum Technical Analysis 07-05-21πŸ“‰
Ethereum Technical Analysis 07-06-21πŸ“ˆ
Ethereum Technical Analysis 07-07-21πŸ“‰
Ethereum Technical Analysis 07-08-21πŸ“‰
Ethereum Technical Analysis 07-09-21πŸ“‰
Ethereum Technical Analysis 07-10-21πŸ“‰
Ethereum Technical Analysis 07-11-21πŸ“‰
Ethereum Technical Analysis 07-12-21πŸ“‰
Ethereum Technical Analysis 07-13-21πŸ“‰
Ethereum Technical Analysis 07-14-21πŸ“‰
Ethereum Technical Analysis 07-15-21πŸ“‰
Ethereum Technical Analysis 07-16-21πŸ“‰
Ethereum Technical Analysis 07-17-21πŸ“‰
Ethereum Technical Analysis 07-18-21πŸ“‰
Ethereum Technical Analysis 07-19-21πŸ“‰
Ethereum Technical Analysis 07-20-21πŸ“‰
Ethereum Technical Analysis 07-21-21πŸ“ˆ
Ethereum Technical & Sentimental Analysis 07-22-21πŸ“ˆ
Ethereum Technical & Sentimental Analysis 07-23-21πŸ“ˆ
Ethereum Technical & Sentimental Analysis 07-24-21πŸ“ˆ
Ethereum Technical & Sentimental Analysis 07-25-21πŸ“ˆ
Ethereum Technical & Sentimental Analysis 07-26-21πŸ“‰
Ethereum Technical & Sentimental Analysis 07-27-21πŸ“ˆ
Ethereum Technical & Sentimental Analysis 07-28-21πŸ“ˆ
Ethereum Technical & Sentimental Analysis 07-29-21πŸ“‰
Ethereum Technical & Sentimental Analysis 07-30-21πŸ“ˆ
Ethereum Technical & Sentimental Analysis 07-31-21πŸ“ˆ
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You can reference my previous daily Dogecoin analysis here ⬇️⬇️:
Doge Analysis 12-28-21πŸ“ˆ
Doge Analysis 01-01-21πŸ“ˆ
Doge Analysis 01-02-21πŸ“ˆ
Doge Analysis 01-11-21πŸ“‰
Doge Analysis 01-28-21πŸ“ˆ
Doge Analysis 02-04-21πŸ“ˆ
Doge Analysis 02-07-21πŸ“ˆ
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You can reference my previous weekly Cryptomarket forecast analysis here ⬇️⬇️:
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 02-12-21 to 02-19-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 02-19-21 to 02-26-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 02-26-21 to 03-05-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 03-05-21 to 03-12-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 03-12-21 to 03-19-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 03-19-21 to 03-26-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 03-26-21 to 04-02-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 04-02-21 to 04-09-21πŸ”₯πŸ”₯
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Check out my Ah moment here ⬇️⬇️:
πŸ’­Ah moment 05-31-21πŸ’­
πŸ’­Ah moment 06-02-21πŸ’­
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Risk forecast guideline:
Risk Averse means you can use as defense πŸ›‘οΈ
Risk Seeking means you can use as offense βš”οΈ
Risk Neutral means no decision made and continue seeking opportunities πŸ‘οΈ
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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.

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