Key Insights

  • The crypto market is bullish, with most cryptocurrencies in the green and liquidations heavily favoring bulls.

  • Bitcoin broke above $62,000 and could reach $71,900 if it maintains momentum. However, a break below $62,000 could signal a drop to $60,000.

  • Ethereum bounced back from $3,300 and aims to break above the $3,524 resistance. If successful, we might see a rally toward $4,000.

  • After a crash from $4, DogWIFHat found support at $1.47 and is now attempting a climb. A break above $2.31 could lead to a retest of $4 or higher.

  • ENS surged above $30, its highest point since June 2022. Continued bullish momentum could see it reach $37.2 or even higher.

The crypto market has started July on a bullish note, considering the 4% jump in total market cap and Bitcoin’s return to the $63,000 zone. The market's heatmap, shown below, has turned green:

The crypto market’s heatmap
Almost every cryptocurrency in the market is in the green, with Bitcoin above $63,000 and Ethereum nearing the $3,500 zone again. The tables have also turned on the bears over the last day, with ongoing liquidations amounting to $106 million in the past 24 hours.

The crypto liquidation heatmap

Leveraged bulls lost around $16 million to liquidations, while the bears lost a significant $90 million, greatly favoring the bulls. From this, we can conclude that the market is bullish today.

What’s Next for Bitcoin?

-Bitcoin has advanced by around 2% over the last day and is now trading above the crucial $62,000 price level, as shown below:

Bitcoin’s price action
-This marks the highest point since June 24, and Bitcoin has enough momentum to rally to the $65,000 zone or even $71,900. Bulls must defend the $62,000 zone because a break below it could signal an incoming drop below $60,000.

Ethereum’s Rebound From $3,300

-In the last 24 hours, Ethereum rebounded from the $3,300 price level, contrasting Bitcoin’s breakout. This rebound means the bulls have another hurdle to cross at the $3,524 price level, marking the second attempt since June 12.

Ethereum’s price action

Ethereum has the potential to rally further and hit the $3,524 level. Traders and investors should watch how Ethereum reacts around this price. A clear break above it would signal a continuation to the $4,000 zone. A rejection, however, might lead to a retest of $3,300 or lower.

Is WIF Back in Action?

-After a crash from the $4 price level, DogWIFHat appears to have found support around $1.47 and is now moving upward with fresh momentum.

WIF on the charts

WIF's break, consolidation, and rebound off the $1.95 price level indicate strong bullish presence. If the bulls maintain momentum, WIF could rally to retest $4 or higher. The memecoin currently faces resistance around $2.31 and should continue its ascent if the bulls break through.

Massive Bullishness Incoming for ENS?

-ENS recently broke above a crucial resistance point, as shown below:

ENS’ price action
-After surpassing the $30 mark, ENS trades around $32.5, its highest since June 2022. Continued bullish pressure could push ENS to the next significant resistance at $37.2 or higher.

Disclaimer: Voice of Crypto aims to provide accurate and up-to-date information but is not responsible for any missing or inaccurate information. Cryptocurrencies are highly volatile financial assets, so conduct your own research and make informed financial decisions.

Meta Descriptions

In the last 24 hours, the crypto market has shown a bullish trend, with Bitcoin likely reaching $65,000 soon, Ethereum retesting resistance at $3,524, and DogWIFHat and ENS showing strong bullish signals.

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