A Daily Outlook: BTC/USD; July 29, 2022

Top Headlines on Digital Currency:

  • Yesterday, Ethereum deployed its tenth shadow fork, about 26 hours ahead of schedule.
  • Shiba Inu recently proposed the release of a crypto card.
  • Harmony protocol is planning on minting billions of ONE tokens.
  • Solana has been emerging as a strong competitor to Ethereum in the NFT market.
  • Web3 domain name provider Unstoppable Domain has raised a total of $65 million in series A funding round.

Source: ambcrypto

Technical View:

  • The BTC appreciates on Friday and hovers around $24,000 mark.
  • The pair made intraday high at $24,445 and low at $23,713 mark.
  • Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being.
  • A sustained close above $24,200 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $23,500 on H1 chart requires for the downside rally.
$23,500 $24,200
$23,050 $24,810
$22,800 $25,400
$22,410 $25,900
$22,000 $26,500


Take a look and do trade wisely!
Good Luck