Bitcoin / TetherUS

Bitcoin Trend Analytics July 25th - back into consolidation

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BTC didn’t hold the key support of the box and fell back into the consolidation range.

It runs between $24800-$20959.25. Breaking up the resistance will surge higher; breaking down the support will end the bullish momentum and it turns negative.

The short-term key supports are at $21492.96; $20959.25; the key support of the month diverts to $18617.36.

Fed’s rate hike expectation: +75bp (79.9%) / +100bp (20.1%)
Previous stats: 1.75%; expected target rate: 2.5%-2.75%.


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