đ Prediction (BTC and WLD):
đ BTC/USDT - The current trading situation shows that after surpassing the $63,000 mark, #Bitcoin has entered a consolidation phase. Resistance at $66,147 is hindering the coin's continued rise towards $68,000. Meanwhile, the Relative Strength Index (RSI) indicates that the bullish momentum might soon wane. At the time of writing, the RSI is above 80, indicating significant overbought conditions. As a result, #BTC may correct by 3.97% and reach $60,615. The lack of retail demand for BTC may also contribute to the decline. In previous cycles, Bitcoin's price increases were supported by a surge in retail investor activity. However, this time the market is dominated by institutional investors, who seem to have paused their active engagement. In a recent review, CryptoQuant CEO Ki Young Ju reported that retail demand for Bitcoin is currently at a three-year low. Nevertheless, an increase in buying volumes during a potential price dip could help prevent further decline. If this occurs, BTC has a good chance of reaching $68,462.
đ WLD/USDT - The Worldcoin project's token has ranked second among the most successful altcoins this week. At the time of writing, it has increased by 49% over the past seven days. This week, news emerged that the project had revised and extended the unlocking schedule for #WLD tokens, leading to the coin's rise. At one point, Worldcoin's price reached $3.28. Before this spike, the token had formed a descending triangle on the daily chart. A descending triangle indicates weakening demand for the cryptocurrency and is characterized by a series of lower highs. However, when selling pressure depletes, a bullish breakout occurs. This happened with WLD on July 12. Despite the recent dip, the Awesome Oscillator (AO) shows that momentum is strengthening again. If it remains steady, the price could rebound to $3.04. Otherwise, #Worldcoinâ may drop to $2.46.
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