Bitcoin

Ethereum

Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) and the majority of altcoins have been on an uptrend in recent weeks, buoyed by positive investor sentiment stemming from the recent <a href="https://finbold.com/massive-adoption-alert-blackrocks-ceo-once-said-zero-clients-interested-in-crypto/" rel="noopener noreferrer nofollow">hype</a> around potential launches of spot <a href="https://finbold.com/guide/what-is-bitcoin-etf/" rel="noopener noreferrer nofollow">Bitcoin exchange-traded funds</a> (<a href="https://finbold.com/etfs/" rel="noopener noreferrer nofollow">ETFs</a>).Although the US Securities and Exchange Commission (<a href="https://finbold.com/topic/sec/" rel="noopener noreferrer nofollow">SEC</a>) described the ETF applications as “inadequate,” the statement had no major impact on the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">crypto market</a>, as most <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrencies</a> are still in the green on daily and weekly charts.To provide insights into their current and potential future price action, on July 4, Finbold conducted a thorough <a href="https://finbold.com/guide/technical-analysis/" rel="noopener noreferrer nofollow">technical analysis</a> of popular cryptocurrencies such as Bitcoin, Ethereum (<a href="https://finbold.com/cryptocurrency/ethereum/" rel="noopener noreferrer nofollow">ETH</a>), <a href="https://finbold.com/guide/how-to-buy-ripple-xrp/" rel="noopener noreferrer nofollow">XRP</a> (<a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">XRP</a>), <a href="https://finbold.com/guide/binance-coin-bnb/" rel="noopener noreferrer nofollow">Binance Coin</a> (<a href="https://finbold.com/cryptocurrency/bnb/" rel="noopener noreferrer nofollow">BNB</a>), <a href="https://finbold.com/guide/buy-dogecoin-in-the-uk/" rel="noopener noreferrer nofollow">Dogecoin</a> (<a href="https://finbold.com/cryptocurrency/dogecoin/" rel="noopener noreferrer nofollow">DOGE</a>), and <a href="https://finbold.com/guide/how-to-buy-cardano/" rel="noopener noreferrer nofollow">Cardano</a> (<a href="https://finbold.com/cryptocurrency/cardano/" rel="noopener noreferrer nofollow">ADA</a>).<h2 id="header-0">Bitcoin price analysis</h2>At the time of writing, BTC was <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">trading</a> at $31,027, up 1.23% in the past 24 hours.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/87c9d5a9fe684db08b9ca39fd33f301a.jpg" />BTC 1-day price chart. Source: FinboldThe leading cryptocurrency gained more than 14% on a monthly chart, after the likes of BlackRock, Fidelity, and Invesco all filed with the SEC to roll out a spot BTC ETF.Bitcoin is testing an important <a href="https://finbold.com/guide/support-and-resistance/" rel="noopener noreferrer nofollow">resistance</a> of $31,000. The world’s largest digital asset has struggled to clear this resistance zone for over a year. If successful, the next resistance is located at $32,500, where the 100-weekly <a href="https://finbold.com/guide/moving-average/#:~:text&#61;Moving%20average%20definition,%2Dto%2Dday%20price%20fluctuations." rel="noopener noreferrer nofollow">moving average</a> (WMA) comes in. The 38.2% <a href="https://finbold.com/guide/fibonacci-retracement/" rel="noopener noreferrer nofollow">Fibonacci retracement</a> is located at nearly $36,000. A failure to clear this zone would pave the way for BTC to retreat below $30,000.<h2 id="header-1">Ethereum price analysis</h2>Ethereum was changing hands at $1,959 at press time, after slipping 0.1% on the day.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3445a24d0b4745e191e0bd34e519a4e7.jpg" />ETH 1-day price chart. Source: FinboldThe second-largest crypto asset gained over 4% in the past week, though its monthly gains remain muted at just 3%.Ethereum secured a bullish break after clearing the descending trend line that facilitated resistance around $1,800 – $1,850. Moreover, ETH/USD cleared the 100-daily moving average (DMA) around $1,860, a zone that now acts as support. On the upside, the next resistance levels are $2,000 and $2,150, with the latter acting as key resistance in the near term.<h2 id="header-2">XRP price analysis</h2>At the time of publication, XRP’s price stood at $0.49, up around 0.5% on the 1-day chart.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/96ec3bac19534383b22db6aa44c943d2.jpg" />XRP 1-day price chart. Source: FinboldThe crypto token rose 1.6% in the past week but lost nearly 7% on the month, in contrast to other major altcoins.XRP has continued to trade mostly sideways, hovering around 100-daily moving average. After three failed attempts to clear the $0.55 resistance, the token is nowtrying to get above the $0.50 and have the fourth run at this important technical level. However, the <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bulls</a> will have to clear the 200-weekly moving average first before having a go at $0.55 and $0.60, where the 100-WMA is located.<h2 id="header-3">BNB price analysis</h2>BNB, the fourth-biggest cryptocurrency by market cap, was trading at $245.66 at the time of writing, down 1.1% on the day.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/107569e99bdb4c3ca16f6e90faab5fb0.jpg" />BNB 1-day price chart. Source: FinboldThe crypto coin advanced around 2.8% over the past week; however, it lost almost 20% on the month, likely due to the <a href="https://finbold.com/investors-flock-to-support-binance-after-sec-lawsuit/" rel="noopener noreferrer nofollow">SEC charging Binance</a> and its founder for multiple misdeeds last month.Binance coin is trying to recover after plunging over 21% in June. However, the situation doesn’t look promising as the price action fell below the ascending trend line, which now acts as resistance around the $260 mark. On the downside, the $220 level offers support.<h2 id="header-4">DOGE price analysis</h2>The biggest meme coin in the world followed BTC’s latest upward trajectory, climbing over 1.2% to $0.07 in the past 24 hours.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/12b23d6bfac74805b2b1d6d6b671e155.jpg" />DOGE 1-day price chart. Source: FinboldDOGE rose more than 4.5% in the past week, though it fell around 6% over the last 30 days.Dogecoin is also trading mostly sideways as bulls try to regain control. A confluence of resistance is located above the $0.07 mark, consisting of the 100 and 200-daily moving averages and the falling trend line that connects former swing highs. On the downside, the horizontal support around $0.055 continues to provide support.<h2 id="header-5">ADA price analysis</h2>At press time, ADA’s price stood at $0.30, edging 1.13% higher on the day<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/be50c5286b89486984f45c761b21ec8f.jpg" />ADA 1-day price chart. Source: FinboldWhile it rose about 4.5% on the weekly chart, Cardano remains deeply in the red on the monthly chart. The crypto token fell almost 22% over the past 30 days, likely due to being delisted from multiple trading platforms after the SEC added it to its list of unregistered securities.Cardano is also stuck at the resistance. It could be that the ADA price action is waiting for Bitcoin to break higher so it can clear its resistance located around $0.3. A break of this important level would open the door for a test of the confluence of resistance around $0.35. On the downside, the zone around $0.25 is providing support if bulls are unable to secure a breakout.<h2 id="header-6">Final words</h2>Overall, Bitcoin and major altcoins have experienced an uptrend, with positive investor sentiment fueled by the potential launch of spot Bitcoin ETFs.Despite regulatory challenges, most cryptocurrencies are still performing well. While BTC remains the key driver of crypto markets, investors should also keep an eye on the altcoin market ahead of the upcoming alt season.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on Finbold.com.

July 4 price analysis: BTC, ETH, XRP, BNB, DOGE, ADA

Table of Contents

Finbold

Other articles published on Jul 4, 2023

$ETH Staking Network ssv.network Enters First Phase of Mainnet Launch

Bitcoin’s Meteoric Rise: Here’s Where BTC Price is Heading

Open Campus Delays Upcoming Token Unlock, $EDU Went up by 12.19% in Last Hour

Nasdaq Resubmits Updated Application for iShares Bitcoin Trust with a Surveillance-Sharing Agreement

Bitcoin : une nouvelle ère avec les Noms Sats

Analyst Alex Krüger Foresees Strong Bitcoin Rally Ahead

Join our free newsletter for daily crypto updates!