Certainly! Here’s a brief overview of the crypto market predictions for July 2024:
Bitcoin (BTC):
BTC is forming a bearish double-top pattern on the weekly chart.
If it breaks below the neckline at $61,483, it could decline further to around $50,982, marking a multi-month low1.
However, a bounce back from $60,000 or $58,847 could invalidate this bearish thesis.
Arbitrum (ARB):
ARB, a Layer-2 token, has seen demand dwindle, leading to a significant price drop.
It’s forming a head and shoulders pattern, indicating a potential trend reversal.
While a target price of $0 is unlikely, a new all-time low for ARB is possible1.
Spot Ethereum ETFs:
July’s focus is on the potential launch of spot Ethereum ETFs.
Ethereum (ETH) has been rising, closing May above $3,770, with hopes for an ETF launch2.
Remember that crypto markets are volatile, and predictions can change rapidly. Always stay informed and consider multiple sources when making investment decisions.$BTC $ETH