the crypto markets have seen a slight recovery after July CPI , Consumer Price Index indicated a slowdown in the growing rate of inflation. The crypto exchange market capitalization rose by 4.0% with a major key player ETH, Ethereum rallying over 12% outperforming Bitcoin.
on the Bitcoin monthly chart , price is reacting to recent bearish rejection/ recent high @ 19892.00 which since added some bullish momentum , moving price ≈4653.71 points to current market price , with price making its upside move in a parallel bullish channel.
if this bull run persists i see the next price of interest being recent monthly demand CP @ 33138.00.
"We got turned down, we failed, had setbacks, had to start over a lot of times. But we kept going at it. In anybody’s case that’s always the distinguishing factor." - NIPSEY HUSSLE
presented by : @currencynerd
courtesy of : Pako Phutietsile
on the Bitcoin monthly chart , price is reacting to recent bearish rejection/ recent high @ 19892.00 which since added some bullish momentum , moving price ≈4653.71 points to current market price , with price making its upside move in a parallel bullish channel.
if this bull run persists i see the next price of interest being recent monthly demand CP @ 33138.00.
"We got turned down, we failed, had setbacks, had to start over a lot of times. But we kept going at it. In anybody’s case that’s always the distinguishing factor." - NIPSEY HUSSLE
presented by : @currencynerd
courtesy of : Pako Phutietsile
