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 =ย  $28k ~ $40k and my position is Long.

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Current News Summary:

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Todayโ€™s sentimental news and comments:

Bullish News ๐Ÿ“ˆ

Bank of America is watching El Salvadorโ€™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 ๐Ÿ“‰

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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Note: Cross-references of this article has created by author and has cross-referenced on multiple platforms. You can find links below โฌ‡๏ธโฌ‡๏ธ:
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You can reference my previous monthly Bitcoin and Ethereum analysis here โฌ‡๏ธโฌ‡๏ธ:
Note:some links refer at the beginning of next month that include all previous month links of reports
๐Ÿ’ช๐Ÿ’ช January 2021 Technical Analysis Summary ๐Ÿš€๐Ÿš€
๐Ÿ’ช๐Ÿ’ช February 2021 Technical Analysis Summary ๐Ÿš€๐Ÿš€
๐Ÿ’ช๐Ÿ’ช March 2021 Technical Analysis Summary ๐Ÿš€๐Ÿš€
๐Ÿ’ช๐Ÿ’ช April 2021 Technical Analysis Summary ๐Ÿš€๐Ÿš€
๐Ÿ’ช๐Ÿ’ช May 2021 Technical Analysis Summary ๐Ÿš€๐Ÿš€
๐Ÿ’ช๐Ÿ’ช June 2021 Technical Analysis Summary ๐Ÿš€๐Ÿš€
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You can reference my previous daily Bitcoin analysis here โฌ‡๏ธโฌ‡๏ธ:
Bitcoin Technical Analysis 06-30-21๐Ÿ“‰
Bitcoin Technical Analysis 07-01-21๐Ÿ“‰
Bitcoin Technical Analysis 07-02-21๐Ÿ“ˆ
Bitcoin Technical Analysis 07-03-21๐Ÿ“ˆ
Bitcoin Technical Analysis 07-04-21๐Ÿ“ˆ
Bitcoin Technical Analysis 07-05-21๐Ÿ“‰
Bitcoin Technical Analysis 07-06-21๐Ÿ“ˆ
Bitcoin Technical Analysis 07-07-21๐Ÿ“‰
Bitcoin Technical Analysis 07-08-21๐Ÿ“‰
Bitcoin Technical Analysis 07-09-21๐Ÿ“‰
Bitcoin Technical Analysis 07-10-21๐Ÿ“‰
Bitcoin Technical Analysis 07-11-21๐Ÿ“‰
Bitcoin Technical Analysis 07-12-21๐Ÿ“‰
Bitcoin Technical Analysis 07-13-21๐Ÿ“‰
Bitcoin Technical Analysis 07-14-21๐Ÿ“‰
Bitcoin Technical Analysis 07-15-21๐Ÿ“‰
Bitcoin Technical Analysis 07-16-21๐Ÿ“‰
Bitcoin Technical Analysis 07-17-21๐Ÿ“‰
Bitcoin Technical Analysis 07-18-21๐Ÿ“‰
Bitcoin Technical Analysis 07-19-21๐Ÿ“‰
Bitcoin Technical Analysis 07-20-21๐Ÿ“‰
Bitcoin Technical Analysis 07-21-21๐Ÿ“ˆ
Bitcoin Technical & Sentimental Analysis 07-22-21๐Ÿ“ˆ
Bitcoin Technical & Sentimental Analysis 07-23-21๐Ÿ“ˆ
Bitcoin Technical & Sentimental Analysis 07-24-21๐Ÿ“ˆ
Bitcoin Technical & Sentimental Analysis 07-25-21๐Ÿ“ˆ
Bitcoin Technical & Sentimental Analysis 07-26-21๐Ÿ“‰
Bitcoin Technical & Sentimental Analysis 07-27-21๐Ÿ“ˆ
Bitcoin Technical & Sentimental Analysis 07-28-21๐Ÿ“ˆ
Bitcoin Technical & Sentimental Analysis 07-29-21๐Ÿ“‰
Bitcoin Technical & Sentimental Analysis 07-30-21๐Ÿ“ˆ
Bitcoin Technical & Sentimental Analysis 07-31-21๐Ÿ“ˆ
You can reference my Bitcoin methodology here and here.
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You can reference my previous daily Ethereum analysis here โฌ‡๏ธโฌ‡๏ธ:
Ethereum Technical Analysis 06-30-21๐Ÿ“‰
Ethereum Technical Analysis 07-01-21๐Ÿ“‰
Ethereum Technical Analysis 07-02-21๐Ÿ“ˆ
Ethereum Technical Analysis 07-03-21๐Ÿ“ˆ
Ethereum Technical Analysis 07-04-21๐Ÿ“ˆ
Ethereum Technical Analysis 07-05-21๐Ÿ“‰
Ethereum Technical Analysis 07-06-21๐Ÿ“ˆ
Ethereum Technical Analysis 07-07-21๐Ÿ“‰
Ethereum Technical Analysis 07-08-21๐Ÿ“‰
Ethereum Technical Analysis 07-09-21๐Ÿ“‰
Ethereum Technical Analysis 07-10-21๐Ÿ“‰
Ethereum Technical Analysis 07-11-21๐Ÿ“‰
Ethereum Technical Analysis 07-12-21๐Ÿ“‰
Ethereum Technical Analysis 07-13-21๐Ÿ“‰
Ethereum Technical Analysis 07-14-21๐Ÿ“‰
Ethereum Technical Analysis 07-15-21๐Ÿ“‰
Ethereum Technical Analysis 07-16-21๐Ÿ“‰
Ethereum Technical Analysis 07-17-21๐Ÿ“‰
Ethereum Technical Analysis 07-18-21๐Ÿ“‰
Ethereum Technical Analysis 07-19-21๐Ÿ“‰
Ethereum Technical Analysis 07-20-21๐Ÿ“‰
Ethereum Technical Analysis 07-21-21๐Ÿ“ˆ
Ethereum Technical & Sentimental Analysis 07-22-21๐Ÿ“ˆ
Ethereum Technical & Sentimental Analysis 07-23-21๐Ÿ“ˆ
Ethereum Technical & Sentimental Analysis 07-24-21๐Ÿ“ˆ
Ethereum Technical & Sentimental Analysis 07-25-21๐Ÿ“ˆ
Ethereum Technical & Sentimental Analysis 07-26-21๐Ÿ“‰
Ethereum Technical & Sentimental Analysis 07-27-21๐Ÿ“ˆ
Ethereum Technical & Sentimental Analysis 07-28-21๐Ÿ“ˆ
Ethereum Technical & Sentimental Analysis 07-29-21๐Ÿ“‰
Ethereum Technical & Sentimental Analysis 07-30-21๐Ÿ“ˆ
Ethereum Technical & Sentimental Analysis 07-31-21๐Ÿ“ˆ
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You can reference my previous daily Dogecoin analysis here โฌ‡๏ธโฌ‡๏ธ:
Doge Analysis 12-28-21๐Ÿ“ˆ
Doge Analysis 01-01-21๐Ÿ“ˆ
Doge Analysis 01-02-21๐Ÿ“ˆ
Doge Analysis 01-11-21๐Ÿ“‰
Doge Analysis 01-28-21๐Ÿ“ˆ
Doge Analysis 02-04-21๐Ÿ“ˆ
Doge Analysis 02-07-21๐Ÿ“ˆ
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You can reference my previous weekly Cryptomarket forecast analysis here โฌ‡๏ธโฌ‡๏ธ:
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21๐Ÿ”ฅ๐Ÿ”ฅ
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21๐Ÿ”ฅ๐Ÿ”ฅ
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21๐Ÿ”ฅ๐Ÿ”ฅ
Crytomarket Weekly Overview and Forecast 02-12-21 to 02-19-21๐Ÿ”ฅ๐Ÿ”ฅ
Crytomarket Weekly Overview and Forecast 02-19-21 to 02-26-21๐Ÿ”ฅ๐Ÿ”ฅ
Crytomarket Weekly Overview and Forecast 02-26-21 to 03-05-21๐Ÿ”ฅ๐Ÿ”ฅ
Crytomarket Weekly Overview and Forecast 03-05-21 to 03-12-21๐Ÿ”ฅ๐Ÿ”ฅ
Crytomarket Weekly Overview and Forecast 03-12-21 to 03-19-21๐Ÿ”ฅ๐Ÿ”ฅ
Crytomarket Weekly Overview and Forecast 03-19-21 to 03-26-21๐Ÿ”ฅ๐Ÿ”ฅ
Crytomarket Weekly Overview and Forecast 03-26-21 to 04-02-21๐Ÿ”ฅ๐Ÿ”ฅ
Crytomarket Weekly Overview and Forecast 04-02-21 to 04-09-21๐Ÿ”ฅ๐Ÿ”ฅ
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Check out my Ah moment here โฌ‡๏ธโฌ‡๏ธ:
๐Ÿ’ญAh moment 05-31-21๐Ÿ’ญ
๐Ÿ’ญAh moment 06-02-21๐Ÿ’ญ
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Risk forecast guideline:
Risk Averse means you can use as defense ๐Ÿ›ก๏ธ
Risk Seeking means you can use as offense โš”๏ธ
Risk Neutral means no decision made and continue seeking opportunities ๐Ÿ‘๏ธ
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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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xuanling11
xuanling11

A delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters to write with a freestyle.


Crypto Learning
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