empty
25.07.2022 12:21 PM
Bitcoin holds above $20,000 amid buying activity

Bitcoin continues to trade above $20,000. This level is considered the psychological core of the local uptrend. The asset has reached the upper boundary of the current range of fluctuations at $24,200. However, its further movement was hampered by falling buying volumes. Despite this fact, Bitcoin began to consolidate above $20,000. This indicates that the cryptocurrency under certain circumstances will resume its upward movement.

This image is no longer relevant

The lack of fundamental factors also positively affects Bitcoin's price. The news about Tesla selling 75% of its stock had minimal impact on the market. On the one hand, it indicates that the market clears from speculative investors and borrowed capital. On the other hand, it suggests that investors focus on further price increase. At the same time, there is a process of active accumulation of addresses holding less than 1 BTC in one wallet. Therefore, the situation in the crypto market is gradually improving. Moreover, the number of addresses with non-zero balance is growing rapidly in the Bitcoin network.

This image is no longer relevant

Overall, the situation is becoming more favorable to resume investment flows in BTC. However, despite this optimism, the market is facing difficulties in July 2022. On July 26-27, the US Federal Reserve will hold a meeting to raise its key rate. According to analysts, the probability of a 100 basis point key rate hike is estimated at 80%. At the same time, most investors expect the regulator to raise the key rate by 0.75%. This is alarming news, as taking into account June 2022, the current situation can have negative consequences for the market.

This image is no longer relevant

The key point is that the third-largest Bitcoin whale has transferred more than 150,000 coins to exchanges in the past week. The last transaction to the crypto platform totaled over 29,000 BTC. It is likely that these moves take place within the cryptocurrency exchange. However, in case this transfer is from a cold wallet to the cryptocurrency's balances, the pressure on the BTC price will increase.

Moreover, it is important to realize that the past three weeks have been a favorable investment environment for cryptocurrencies and Bitcoin. This has triggered an influx of retail investors. However, the majority of them pursue short-term goals. In other words, they use borrowed funds to achieve speculative goals. Besides, this category of investors reacts impulsively to fundamental events. Taking into account the upcoming Fed meeting, the impact of short-term investors on BTC may provoke a collapse.

This image is no longer relevant

Moreover, BTC mining shows a continuing negative trend. Its mining companies took about 14,000 BTC to exchanges in the past week. Miner Reserve's on-chain metric also indicates that the inventories are shrinking. It means further liquidity and credit problems. Mining companies played a key role in Bitcoin's decline in late June 2022. It is more likely that if the asset's price falls below $20,000, BTC sales may increase.

This image is no longer relevant

Taking into account the current factors, Bitcoin has several possible scenarios of price movements. The asset failed to retest the $23,500-$24,000 range. The price is moving down to $22,700. This level has locally been broken. Currently, Bitcoin has to consolidate above this figure to reach $24,200 again. The upper boundary of the fluctuation range is the main target for bulls. If the BTC/USD pair does not close above $24,000, the probability of an upward movement will reduce.

This image is no longer relevant

It is more likely that the asset will move to $21,500. The current situation indicates this option. If the BTC/USD pair breaks through the $21,500 level, it will continue its downward movement to the $20,000-$19,500 range. The current market situation and the initiative of buyers suggest that sellers will not have enough volumes to break through this area. However, if they succeed, the probability of a local bottom retest will significantly increase. It's essential to monitor where the price will close the current trading day. If it is above $21,500, further growth will become more likely. In case the price falls below this level, the downward movement will intensify.

Artem Petrenko,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Artem Petrenko
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

7月28日加密貨幣市場交易技巧(北美時段)

比特幣再次未能突破並站穩在 $120,000 之上的位置,目前回落至 $119,000 以下。以太坊在試圖突破 $3,900 後也略有回落,但仍然保持在綠色區間內。

Miroslaw Bawulski 14:04 2025-07-28 UTC+2

比特幣迅速恢復勢頭

上週五,我注意到比特幣達到了115,000美元的水平,而在今天的亞洲交易時段,我們已經看到其測試了接近119,800美元的阻力位。這顯示出一個明顯的支撐形成於115,000美元左右,這將成為許多交易者近期的重要參考點。

Jakub Novak 09:58 2025-07-28 UTC+2

7月28日加密貨幣市場的交易建議

比特幣已經收復上週的全部失地,現在距離12萬美元關口僅一步之遙。以太坊也有顯著增長,超過了3900美元關口。

Miroslaw Bawulski 08:29 2025-07-28 UTC+2

2025年7月25日,Solana上的死亡交叉指數移動平均(EMA)條件確認賣方仍然占主導地位,儘管可能會出現暫時的強勢。

Solana – 2025年7月25日,星期五 在EMA出現死亡交叉狀態且RSI(14)處於中性看跌狀態的情況下,Solana加密貨幣顯示賣家仍然佔優勢,因此今天的潛在疲軟仍然存在。 關鍵水平 1. 阻力位2:199.25。

Arief Makmur 12:03 2025-07-25 UTC+2

萊特幣的 RSI 指標出現背離現象,顯示其上行潛力可能會受限,直至 2025 年 7 月 25 日(星期五)的樞軸水平。

萊特幣 – 2025年7月25日,星期五 RSI(14) 指標與萊特幣價格走勢之間出現背離,顯示上升空間可能有限。RSI(14) 仍然處於中性看跌狀態,兩條EMA形成死亡交叉,顯示賣方的主導地位。

Arief Makmur 12:03 2025-07-25 UTC+2

比特幣暴跌至$115,000

遲早都會發生這件事。在比特幣勇敢地嘗試突破12萬美元之後,價格下跌至接近11萬5千美元。

Jakub Novak 09:41 2025-07-25 UTC+2

7月25日加密貨幣市場交易建議

比特幣暴跌,考驗115,000的標準,而以太坊則沒有面臨此類問題。 顯然,比特幣的急劇下跌不過是大市場參與者的獲利回吐。

Miroslaw Bawulski 09:13 2025-07-25 UTC+2

Tether 充滿信心地邁向進入美國市場

比特幣持續在116,500至120,000的區間波動,展現出穩定的波動性。然而,以太坊的表現則明顯較差,這是受到近期現貨ETF流入下降的影響。

Jakub Novak 10:07 2025-07-24 UTC+2

7月24日加密貨幣市場的交易建議

比特幣再次嘗試突破 $119,000,但未能成功,今天退回至 $117,000 水準。以太坊則跌回至 $3,600 之下,目前朝 $3,500 區域邁進,顯示在測試靠近 $3,800 的阻力位後,進一步修正。

Miroslaw Bawulski 09:20 2025-07-24 UTC+2

以太坊需求旺盛

最近幾週,Ethereum 表現出爆炸式增長,但仍未超過其歷史最高值。顯然,隨著新資金流入市場,Ethereum 正面臨需求的激增。

Jakub Novak 15:57 2025-07-23 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.