Hello traders! This week has been a very interesting week for both gold and crypto traders. The market has been so volatile with gold reaching $3430 price level,but couldn't hold this price territory. While crypto market has experienced a decline of approximately 4.6% in total capitalization in the last 24 hours dropping from $4 trillion to approximately $3.66 trillion.
We will be making a review on Bitcoin price actions and Market behaviors and what we Might be seeing from the market next.
BITCOIN MARKET REVIEW:
Since Bitcoin recorded ATH at $123k price level, there have been difficulty reaching that price territory again. We have seen noted price decline as price dropped from $123k price level to $115k price territory as of 15 of Jul.2025. Price made a move upward again, but experienced resistance at $120k price territory as of 17,Jul.2025, which displayed a serious signs of weakness caused by profit taking. We have seen Bitcoin price reaching $120k territory twice, but still couldn't break this level. currently as at the time of writing, price dropped from $120k to $117k price territory.
Going by price behaviors, and increase in sale volume, there are possibilities that we will keep seeing price depreciating even down to $115k price level. However, we have a strong support at this level. If price breaks the support at $115k price territory, we have higher probability that price might be dropping to $110k price territory.
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$110k price level will be where we might experience another strong resistance.
BUT WHAT DOES THIS MEAN TO YOU?:
I must be frank, people doesn't like seeing price dipping because every body enjoys seeing green candles and increase in portfolio, while a a bearish market can leave a significant decrease in portfolio. A every trader must have a way of dealing with times like this. But if you are an active market participant, every direction of the market offers an opportunity to make money. One can simply follow the drop in price, selling this leg until market finds another support level. But if you are not not an active trader, the best to do is to secure what profits you have already made, while looking into the market to buy more at a discount level, knowing that a bearish market, offers more opportunity to generate profits.
HOW IS THE CRYPTO MARKET IN GENERAL?
Lets see how the market has been doing in the last 24hrs;
- Bitcoin is down by almost 2.5% trading around $117,200
- Ethereum is down by 4.5% trading around $3,576 price level.
- XRP has dropped by almost 12% trading around $3.1
- SOL is down by 12%
- BNB also has dropped in price by almost 4.2%
FINALLY:
Depreciation in price is normal in crypto space. It is something we have been seeing and we will always see as far as financial market is concern. while some people are losing money, others are taking advantage of the moment, preparing for the next bullish leg. My humble advice is that, you approach the market carefully and trade with discipline, bearing in mind that this article was made for educational purposes and doesn't indicate any investment advice. Therefore, before taking actions on any thing, please conduct your own research; as financial market is not risk free, thus there is a high probability that you can lose most of your capital, if not all. Good luck and trade wisely.
