#Binance

Cryptocurrency market forecasts today 7-7-2024

It shows great variation between different cryptocurrencies. Currently, Bitcoin is facing strong selling pressure following the German government's moves to transfer 1,300 Bitcoins to centralized trading platforms, which could increase selling pressure on the coin.

Bitcoin is trading at critical levels, and some analysts expect a bullish bounce if key support at $60,000 levels is maintained.

Regarding Ethereum, it is heading towards resuming the upward trend after stopping the recent decline, and is targeting higher levels at $3,720 after showing positive signs from technical analysis indicators.

As for other digital currencies, such as Dogecoin and meme-based currencies, they have shown noticeable fluctuations recently, but there are expectations of their ability to achieve future gains if they continue to attract investor interest.

In general, the market is variable and highly dependent on technical moves and big impact news, making careful monitoring essential to make informed investment decisions.

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