allin-predict
Home >
Bitcoin >
Bitcoin Prediction 2024 July 31th

Bitcoin Prediction 2024 July 31th

BTC Price: $66,166.54

UTC Time: 12:00 AM

Market Sentiment Today

Fear and Greed Index: 61 (Greed)

24-Hour Trading Volume: $28.93 billion

BitCoin Fear & Greed Index on July 31, 2024

Technical Indicators

Relative Strength Index (RSI) :

48 (Neutral)

Moving Averages:

50-day MA: $66,500 (BTC trading below this level, indicating potential resistance)

200-day MA: $64,000 (BTC trading above this level, confirming long-term bullishness)

Key Support and Resistance Levels

Support: $64,000, $62,000

Resistance: $66,500, $68,000

On-Chain Metrics

Active Addresses: 980,000

Hash Rate: 190 EH/s

Predicted Trend for Today

btc candlestick chart july 31 2024

Given the current market sentiment and technical indicators:

  1. Potential Upside:

    If BTC can break above the 50-day moving average at $66,500, it may test the next resistance level around $68,000.

  2. Potential Downside:

    If BTC fails to hold the current price level, it could drop to test the support levels at $64,000 or $62,000.

Conclusion

The overall sentiment remains neutral. Traders should watch for a breakout above $66,500 for a potential upward move or prepare for a pullback to support levels if resistance holds.

Investment Plan

Bitcoin Short Selling:

Around $66,166

Stop Loss:

$66,900

Take profit:

Around $64,400

Disclaimer: The opinions expressed are for informational purposes only and should not be construed as investment advice. Please do your own research before making any investment decisions.

Return to Bitcoin