Convergence

Bitcoin

Captain

Dubai

Divergence

<div class="coingape"> 
 <p>This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> will evaluate the potential scenario in BTC and what forces are likely to invalidate it. While Bitcoin price broke out the falling wedge pattern discussed on Friday, it only made it slightly above $29,500 such that it is exchanging hands at $29,408 on Monday – as investors prepare to usher in the European session.</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
 </div> 
 <h2 id="bitcoin-price-steady-despite-curve-exploit">Bitcoin Price Steady Despite Curve Exploit</h2> 
 <p>Bitcoin price managed to stay calm as the crypto market struggled to digest the exploit on the stablecoin exchange Curve, which has risked as much as $100 million. According to a report by CoinDesk, the hack took advantage of a “re-entrancy” bug in the platform’s programming language referred to as Vyper.</p> 
 <p>Meanwhile, Bitcoin is trading at $29,393 after facing another rejection from highs slightly above $29,500. The resistance highlighted by the 50-day Exponential Moving Average (EMA) (red) at $29,428 limits price movement on the upside, making the climb above $30,000 an uphill task.</p> 
 <p>It is plausible for Bitcoin price may roll back to support at $29,000, and sweep fresh liquidity before resuming the uptrend.</p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/30/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/30/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/30/9acafad721dcbc6c15e6daccd38017cb.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/30/9acafad721dcbc6c15e6daccd38017cb.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Exchange Affiliate Programs In 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/30/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/30/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/30/472515f3ab5ae759f4e49d6afa8bc33a.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/30/472515f3ab5ae759f4e49d6afa8bc33a.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/29/48cfebc8a0493db9937bed5dd005ee19.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/29/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <p>Investors may want to hold onto their long positions in BTC knowing that the Moving Average Convergence Divergence (MACD) dons a buy signal. Movement above the mean line (0.00) would reinforce the buy signal, presented when the blue MACD line crossed above the red signal line.</p> 
 <figure id="attachment_155595" aria-describedby="caption-attachment-155595" style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class="size-full wp-image-155595" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201144%20610'%3E%3C/svg%3E" alt="Bitcoin price under $30k but above $29k" width="1144" height="610" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/31/42493f8bdbb7595658d2fda59350a668.webp"> 
  <noscript> 
   <img decoding="async" class="size-full wp-image-155595" src="https://cdn.thebittimes.com/images/2023/07/31/42493f8bdbb7595658d2fda59350a668.webp" alt="Bitcoin price under $30k but above $29k" width="1144" height="610"> 
  </noscript> 
  <figcaption id="caption-attachment-155595" class="wp-caption-text">
    XRP/USD daily chart – Tradingview 
  </figcaption> 
 </figure>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>Since the falling wedge pattern breakout is lagging below $30,000, a retest of the descending trendline, or $29,000 would go a long way to keep investor interest intact.</p> 
 <p>Popular crypto analyst Captain Faibik highlights a broadening formation on the 12-hour chart, which revealed the possibility of a “potentially substantial up to 10% bullish wave.”</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">$BTC Broadening Formation (12h) 📈</p> 
  <p>I firmly anticipate a Potentially Substantial Up to 10% Bullish Wave .#Crypto #Bitcoin #BTC pic.twitter.com/nPij72KegM</p> 
  <p>— Captain Faibik (@CryptoFaibik) July 31, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>However, traders must be cautious, keeping in mind the 100-day EMA (in blue) may flip beneath the 200-day EMA (purple) thus confirming a death cross pattern. Unlike a golden cross, this is a bearish pattern, which implies that the path with the least resistance is to the downside.</p> 
 <p>As long as Bitcoin holds above $29,000, investors should remain confident that a breakout is <a rel="noopener noreferrer nofollow" title="coming" href="https://thebittimes.com/tag/coming.html">coming</a> soon and may propel BTC to $35,000. However, extended declines to $28,000 while they may offer an opportunity for investors to buy lower-priced BTC coins, they could cause panic, culminating in more losses to $25,000.</p> 
 <h3 id="related-articles">Related Articles</h3> 
 <ul> 
  <li>Breaking: Binance Becomes First Crypto Exchange To Get Major License In Dubai</li> 
  <li>Coinbase CEO: US SEC Asked Them to Halt Trading For All Crypto Except Bitcoin</li> 
  <li>Curve Finance (CRV) Price Tanks After Major DeFi Exploit</li> 
 </ul> 
 <p>&nbsp;</p> 
</div>

Bitcoin Price Stuck Under $30k: 10% Bullish Wave Incoming?

目錄

TheBitTimes

在 2023年8月1日發表的其他文章

SEC Files Lawsuit Against Hex Founder Richard Heart for Alleged $1 Billion Unregistered Securitie...

UK and Singapore Unite for Crypto Standards: The Next Big Leap for Digital Asset Regulation?

CBDC: gateway to state control or monetary innovation?

Shiba Inu’s Triple Treat: Third Birthday, Nearly $2M ROI, 3.30T SHIB off CEX, Elon Musk’s Shibari...

BALD Memecoin Soars 10,000%, is This Token Affiliated to Coinbase CEO?

Mark Zuckerberg's Metaverse Lost Over $21.3 Billion Since 2022

訂閱免費電子報，每天收取加密貨幣最新動態！