Bitcoin Weekly Analysis (July 14, 2024 - July 20, 2024)

Current price: 63,060.00 USD

Weekly changes: +0.31%

Weekly volume: 39,436.59 BTC

summary:

* Bitcoin had a relatively quiet week, with its price ranging between $62,290.00 and $64,993.95.

* The price closed above the $63,000 level for the first time since July 10, 2024.

* Technical indicators indicate that the market is in a trading range.

Technical Analysis:

* EMA (7): 62,502.46

* EMA (25): 59,844.85

* EMA (99): 43,604.80

*BOLL:

*UP: 72,701.16

* MB: 65,449.37

* DN: 58,197.58

* STOCHRSI: 45.67

* MASTOCHRSI: 48.18

* MACD: -1776.44

Expectations:

*Bitcoin is expected to continue trading in a trading range next week.

* A break of $64,993.95 may lead to an uptrend, while a break of $62,290.00 may lead to a downward trend.

Influencing factors:

* Investor sentiment: Investor sentiment towards Bitcoin remains cautious.

* Federal Reserve Policy: The Federal Reserve is expected to continue raising interest rates, which could put pressure on financial markets, including Bitcoin.

* Regulatory developments: Regulatory developments around Bitcoin remain uncertain, which may affect the price of the currency.

note:

*This weekly Bitcoin analysis is for informational purposes only and does not constitute investment advice.#BTC #PEPE