Coinbry

  • Market Cap: $2,481,684,921,838.76
  • 24h Vol: $139,883,230,109.06
  • BTC Dominance: 51.77%
7/3 Price Analysis: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

7/3 Price Analysis: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

– Bitcoin is facing critical resistance at $31,000, which could trigger a broader crypto rally.

– The US equity markets have performed well, with the Nasdaq Composite up 31.7% and the S&P 500 up 15.9% in the first half of the year.

– Bitcoin has led the recovery in the cryptocurrency markets, rising 20% in Q2 2023.

– Altcoins are starting to show signs of life, suggesting a potential rally in the coming weeks.

– The S&P 500 Index has bounced off support at 4,325 and is likely to continue its uptrend towards 4,650.

– The US Dollar Index has shown strength, with buyers stepping in at lower levels.

– Bitcoin’s price is being supported by bullish buying, and if it breaks above $31,000, it could rally towards $40,000.

– Ether is also showing bullish signs, with support at $1,866 and potential resistance at $2,142-$2,200.

– BNB is consolidating between $220 and $265, with resistance expected at the higher level.

– XRP is facing resistance at the 20-day EMA, but a break above could lead to a rally towards $0.53 and $0.58.

– Cardano is seeing buying on minor dips and could start a relief rally if it breaks above $0.30.

– Dogecoin remains range-bound between $0.06 and $0.07, with a break above $0.07 needed for a sustained recovery.

– Solana is trading between the 20-day EMA and the downtrend line, with a break above the downtrend line potentially leading to a rally towards $22 and $24.

– Litecoin has broken above resistance at $106 and could continue its uptrend towards $134-$144.

– This article does not provide investment advice and readers should conduct their own research.

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