GT-Protocol Blog Will support hold and make a big bounce up?

Will support hold and make a big bounce up?

19.07.2023

Dear traders,

The market is not looking good, and many coins are incoming to exchanges, with the possibility of a bigger drop still present.

Jake
TOP Trader

BTC is still holding at support of $29,500, and a break below on the daily chart could push the price to $27-28k, which are the next support levels. The market is still choppy for trading.

ETH holds at the $1,870 support and needs to break $1,940 for a bigger bullish breakout. It is still in danger of a bigger drop.

XRP is pushing against resistance at $0.815 and now shows momentum for a bigger push up. Only a break of the resistance can bring XRP back to the $1 mark and initiate a bigger swing up.

LINK is still fighting with the $7 resistance and needs a bigger buying volume to break this range. This is still a good spot for a long-term buy entry price.

SOL is fighting with the 100MA and needs a bigger push up to break this resistance line. It still looks strong if the price holds above $24.

EOS is still trading below $0.79 and needs to hold above the 50MA on a daily basis for bullish continuation in price. It is still a good spot for a long-term buying option.

LTC is still fighting at the support level of $88, which is a good spot for a long-term buy entry price. Additionally, in 15 days, LTC will undergo a halving event, which is expected to result in a notable price increase due to a reduction in mining supply. This presents an excellent long-term investment opportunity!

DXY show life and now push up from 100 support.

Crypto/stock daily news:

ALMOST A THIRD OF BTC’S SUPPLY HASN’T MOVED IN 5+ YEARS

I got a crazy stat for you…

29.1% of BTC’s supply hasn’t moved in over 5 years. (!!)

The crazier part? In that time, BTC’s price dropped more than 50% – five separate times.

It’s also pretty interesting to see other timeframes:

69.1% of BTC’s supply hasn’t moved in 1+ years

55.7% of BTC’s supply hasn’t moved in 2+ years

40.1% of BTC’s supply hasn’t moved in 3+ years

Bitcoiners either have strong Diamond Hands, or…

They have Butter Fingers, lost the private keys, and can’t access the BTC. (A moment of silence for them.)

FAST NEWS:

Phemex just opened early access airdrops to everyone. Users can cash in for trading on the platform, with 10% of their upcoming token’s supply being airdropped to active traders.*

XRP trading volume surpassed BTC trading volume. XRP trades now make up ~21% of the total crypto trading volume.

National Australia Bank (NAB) is blocking payments to “high-risk” crypto platforms. That nows… checks notes… three of the “Big Four” banks in Australia that have blocked crypto payments.

Patrick Mahomes launched a new NFT marketplace, called Museum of Mahomes. Some of the NFTs will be tied to perks like game-worn items, physical trading cards, autographed jerseys, etc.

Gnosis launched a new, self-custody Visa debit card. It lets users spend crypto in their self-custody wallet at any store that accepts Visa.