A Daily Outlook: BTC/USD; July 28, 2022

Top Headlines on Digital Currency:

  • Institutional investors were getting back into the crypto market, focusing their bets on top coins like Bitcoin and Etherum.
  • Cardano was observed to be the most developed asset in crypto as per Santiment.
  • Solana has reached a new milestone in its active validator count, hitting 1,875. It had touched 1,000 active validators just over a year ago.
  • Interest in Shiba Inu (SHIB) on Google has fallen to its lowest level in over a year.
  • The total stablecoin supply was only about $151 billion by Q2 of this year.
  • A new bill has been proposed in the U.S. to exempt small crypto transactions from capital gains tax. This would effectively make transactions under $50 tax-free.

Technical View:

  • The BTC recovers slightly from previous losses and stabilizes above $23,000 mark.
  • The pair made intraday high at $23,452 and low at $22,713 mark.
  • Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being.
  • A sustained close above $23,650 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $21,800 on H1 chart requires for the downside rally.
$21,800 $23,650
$21,350 $24,200
$20,800 $24,810
$20,400 $25,400
$20,000 $25,900


Take a look and do trade wisely!
Good Luck