Bitcoin

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Bulls are trying to hold the gained initiative, according to the <a href="https://u.today/xrp-price-analysis-for-july-25" rel="noopener noreferrer nofollow">CoinMarketCap ranking</a>. 
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="6863d6a9-5645-43ba-ab77-1f816a172412" src="https://u.today/sites/default/files/inline-images/top10_566.png"> 
Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a> 
<h2 id="btc-usd">BTC/USD</h2> 
The price of Bitcoin (BTC) has increased by 0.45% over the last 24 hours. 
<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="d1f1dfd7-24f1-44c8-a174-a23c238748b2" src="https://u.today/sites/default/files/inline-images/btc1_118.png"> 
Image by <a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
Despite the slight rise, the rate of Bitcoin (BTC) is coming back to the local support level at $29,366. If buyers cannot seize the initiative, the breakout may lead to the test of the $29,200 area shortly. 
<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="e6a129d5-eb05-4fdc-afb1-6e28db544c35" src="https://u.today/sites/default/files/inline-images/btc2_104.png"> 
Image by <a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the daily chart, the price has once again made a false breakout of the resistance level at $29,500. Until the rate is below that mark, bears will remain more powerful than bulls. 
<a href="https://u.today/doge-and-shib-price-analysis-for-july-25" rel="noopener noreferrer nofollow">card</a> 
Overall, it can lead to a further correction to the zone around $29,000. Such a scenario is relevant until the end of the month. 
<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="e2550990-3e86-4130-99f9-bb4f96dfb5d7" src="https://u.today/sites/default/files/inline-images/btc3_102.png"> 
Image by <a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the midterm point of view, traders should focus on the previous bar low at $29,400. If the candle closes below it, the downward move may continue to the range of $28,500. Thus, the volume keeps falling, which confirms buyers' weakness. 
Bitcoin is trading at $29,424 at press time.

Bitcoin (BTC) Price Analysis for July 27

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