In the week ending July 18th, BTCUSD dropped by 7.09 percent. Bitcoin closed the week at $31,820, down 2.93 percent from the previous week. BTCUSD had a tumultuous start to the week, rising to an intra-week high of $34,655 on Monday before reversing.
BTCUSD sank to a Friday intra-week low of $31,044, falling shy of the first major resistance mark at $35,662. BTCUSD dropped below the first major support level of $32,445 before temporarily returning to $32,450.
However, as it came up against the first significant support level, BTCUSD retreated, ending the week below $32,000. The week ended with four days in the negative, including a 3.40 percent drop on Monday and a 2.84 percent drop on Thursday.
To support a surge to the first significant resistance level at $33,969, BTCUSD would have to break past the $32,506 pivot.
For BTCUSD to break back through to $33,500 levels, it will require support from the rest of the market.
If a cryptocurrency bounce does not last long, the first significant resistance level and barrier at $34,000 will likely restrict any further gains. Before any retreat, BTCUSD may hit resistance above $36,000 in the case of a sustained breakout. $36,117 is the second big barrier level. If the pivot at $32,506 is not crossed, the first significant support level at $30,358 will be tested.
BTCUSD should avoid sub-$29,000 levels and the second key support level around $28,895 until another protracted sell-off occurs.
BTCUSD dipped by 0.58 percent to $31,637.0 at the time of writing. BTCUSD rose to an early Monday high of $31,921.0 before dropping to a low of $31,514.0, indicating a mixed start to the week. At the start of the week, BTCUSD did not challenge the main support and resistance.
The RSI is recovering from an oversold condition and is not in a prime position for a surge soon. However, deep within their domain, the bulls still hold the upper hand. The MACD lines have been negative for several months now.
As of July 18th, ETHUSD fell 11.67 percent. ETHUSD finished the week at $1,891.46, down 7.85 percent from the previous week.
ETHUSD had a tumultuous start to the week, rising to an intra-week high of $2,169 on Monday before reversing.
ETHUSD sank to an intra-week low of $1,850.00 on Saturday, falling well short of the first significant resistance mark at $2,351. At $1,990, ETHUSD broke through the first significant support level.
ETHUSD returned to $1,990 levels after avoiding the second key support level at $1,839, before slipping down to sub-$1,900 levels. At the close of the week, ETHUSD was held back by the first significant support level at $1,990.
Last week's negative was provided by a 5-day losing streak that featured a 5.14 percent drop on Monday, a 4.43 percent drop the next day, and a 3.81 percent loss a few days later.
To reach the first significant resistance level at $2,090, ETHUSD would have to break through the pivot at $1,970.
Support from the broader market, on the other hand, would be required for ETHUSD to reclaim $2,000 levels. Any gain would most certainly be capped by the first big resistance level and barrier at $2,100 unless there is a sustained crypto surge.
ETHUSD might hit the second major resistance level at $2,289 if it extends its breakthrough. To break clear of last week's high of $2,169, ETHUSD would require a lot of support.
If the hinge at $1,970 is not broken, the first significant support level at $1,771 will be tested.
ETHUSD could avoid the second substantial support of around $1,651 unless there is another lengthy sell-off this week. The $1,725 FIB at 62 percent should restrict the downside.
ETHUSD was down 0.60 percent to $1,880.06 at the time of writing. ETHUSD had a mixed start to the week, rising to a high of $1,907.70 on Monday before dropping to a low of $1,866.34.
At the beginning of the week, ETHUSD did not challenge the significant support and resistance.
The RSI is 34.99, and I'm maintaining a straight face. This indicates that the bears are in command and verifies the formation of resistance on the chart. The signal lines are moving to interlock as the MACD is negative.
On Monday, XRPUSD fell 4.86 percent. XRPUSD closed the day at $0.55724, reversing a 0.73 percent gain from Sunday.
XRPUSD rose to an intraday high of $0.58872 before reversing course after a bumpy start to the day. XRPUSD sank to an intraday low of $0.55372 after falling short of the first significant resistance barrier at $0.6016. The first significant support level, at $0.5727, and the second major support level, at $0.5581, were both breached by XRPUSD.
XRPUSD, on the other hand, found late support and briefly pushed back through the second major support level before relaxing back. XRPUSD was down 0.20 percent to $0.55613 at the time of writing.
XRPUSD had a tumultuous start to the day, rising to an early morning high of $0.55796 before plummeting to a low of $0.55613. Early on, XRPUSD did not challenge the main support and resistance levels.
To reach the first significant resistance level at $0.5794, XRPUSD must break through the $0.5666 pivot. Support first from the wider market, on the other hand, would be required for XRPUSD to break out of the $0.5750 range. If there isn't a long-term crypto rise, the first significant barrier level and resistance at $0.58 will likely restrict any further gains.
Before any retreat, XRPUSD might reach resistance at $0.60 if another breakthrough occurs. $0.6016 is the second significant resistance level.
If the $0.5666 swing is not broken, the first significant support level at $0.5444 will be tested.
XRPUSD should avoid sub-$0.53 levels unless there is another protracted sell-off. At $0.5316, the second key support level, the dip should be limited.
Although the depths suggest that the bears haven't entirely abandoned their elevated level advantage, the RSI displays a little indecisiveness between the bulls and the bears. MACD is similarly negative in this case, with both moving averages rapidly convergent.
On Monday, LTCUSD fell by 5.06 percent. LTCUSD closed the day at $113.17, down 0.76 percent from the previous day. LTCUSD had a volatile start to the day, rising to a mid-morning intraday high of $120.71 before reversing. LTCUSD sank to an intraday low of $111.84 after falling short of the first significant resistance level at $123.
LTCUSD has broken through the first major support level at $116 and the second major support level at $112. LTCUSD climbed back through the second key support level to close the day around $113 levels, avoiding sub-$110 levels. LTCUSD was down 0.13 percent to $113.02 at the time of writing.
LTCUSD rose to an early high of $113.34 before dropping to a low of $112.70, indicating a mixed start to the day.
Early on, LTCUSD did not challenge the main support and resistance. To reach the first significant resistance level at $119, LTCUSD would have to break through the $115 pivot.
However, if LTCUSD is to break out of the $115 range, it will require support from the rest of the market. If a crypto surge does not last much longer, the first significant resistance level and Monday's high of $120.71 will likely restrict any further gains. LTCUSD might hit resistance at $125 if it extends its breakthrough. $124 is the second significant resistance level.
With a reading of 25.36, the RSI suggests that the bears have the upper hand. The MACD histogram is likewise negative, as it has been for some time, although it appears to be weakening in this area.
The BCHUSD price retested the $450 barrier level after bouncing off the $420 mark. However, because of the heavy selling pressure impacting the market action, BCHUSD could not break through.
Since then, the price has dropped to a support level of $430, where it is now hovering. While the price remains above the support level, selling pressure continues. Over the previous 24 hours, the larger crypto has seen a negative market mood, with most major cryptocurrencies losing value.
The 12-EMA is now moving across among the two EMAs as the short-term trend meets resistance above $450. Meanwhile, the 26-EMA is catching up with a downward slope, indicating that selling pressure is building at the price point. The indicator now predicts a bearish crossing in the next few hours.
The RSI is trading at the 27% level. The indicator is likewise in negative territory, dropping from over 42 to the oversold zone of 30 in the previous few hours.
The MACD is negative across all technical indicators, as seen by the red color of the suggestive histogram. However, the positive momentum of the BCHUSD price movement has waned in the previous 48 hours, as seen by the shrinking size of the histogram.
All of the pairings appear to be providing firm resistance to bears across markets, with a strong connection to BTC's price action. If the Bitcoin bulls successfully pull off a relief rally, ETH and the other cryptocurrencies on this list are highly likely to follow suit, as the price movements are quite similar.
ETH has the most comparative data and based on the chart and RSI reading, this asset, like Bitcoin, might benefit from coming too near to the oversold line. The bulls may be able to discern this based on the extended wicks at the tails of bearish candlesticks on both exchanges.
