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Weekly Crypto Market Report – 30th July 2023

 

WEEKLY CRYPTO MARKET REPORT 


NASDAQ – Global leading Tech Index

The NASDAQ Index gained by 2.11% in the last week, it has hit the supply zone, the resistance is expected at 16,500 and immediate support is expected at 15000. NASDAQ would pause for a bit and consolidate before it crosses it’s all time high of 16764 level
The top gainers for the week were Lam Research, Align Technology & Applied Materials gaining more than 10%

 

CRYPTO

 

What is the general sentiment for Crypto?The sentiment towards the cryptocurrency market has gone into the NEUTRAL zone. Compared to last week, the Fear & Greed Index has decreased from “55” to “50”. 

 

BITCOIN

 

SOPR – Another data to evaluate the sentiment of the general public would be to look at Spent Output Profit Ratio (SOPR). What is SOPR? In layman terms, it indicates if people have sold their BTC at a profit or if they sold at a loss. An SOPR value above 1 indicates that profit booking dominated loss booking and below 1 indicates that loss booking dominated profit booking. A value of 1 indicates that the coins were sold at their purchase price. Adjusted SOPR filters out transactions that are younger than 1 hour, thus, clearing out noise from the metric.

aSOPR for this week is below 1 which means investors are selling their Bitcoins at a loss.

 

CVDD-TERMINAL PRICE CHART INDICATOR

The Bitcoin price has broken out of the descending trendline. Bitcoin is expected to continue its upward movement.
Short term Investors selling and long term holder’s holding is an indication of market bottom as per the historical trends.

 

Bitcoin chart

$BTC Price corrected by 2.67% in the last week. It has reached the demand zone, and a bounce back with a breakout above 32k  is expected from this level. The immediate support is expected at $25,000 and resistance is expected at $32,000. 


ETH/BTC

ETH/BTC is consolidating within the triangle pattern and it is trading near the demand zone. It gained by 1.26% against BTC in the last week, the immediate support is expected around 0.062 and the next resistance is expected around 0.073 level. 

 

Tokens with high Relative Strength in the market

 

 

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Weekly Crypto Market Report – 23rd July 2023

 

WEEKLY CRYPTO MARKET REPORT 


NASDAQ – Global leading Tech Index

The NASDAQ Index corrected by 0.90% in the last week, it has hit the supply zone, the resistance is expected at 16,000 and immediate support is expected at 15000. NASDAQ would pause for a bit and consolidate before it crosses it’s all time high of 16764 level
The top gainers for the week were Sirius XM, MercadoLibre & Peloton Interactive

 

CRYPTO

What is the general sentiment for Crypto?The sentiment towards the cryptocurrency market turns into a GREED zone. Compared to last week, the Fear & Greed Index has increased a bit from “54” to “55”. 

 

BITCOIN

SOPR – Another data to evaluate the sentiment of the general public would be to look at Spent Output Profit Ratio (SOPR). What is SOPR? In layman terms, it indicates if people have sold their BTC at a profit or if they sold at a loss. An SOPR value above 1 indicates that profit booking dominated loss booking and below 1 indicates that loss booking dominated profit booking. A value of 1 indicates that the coins were sold at their purchase price. Adjusted SOPR filters out transactions that are younger than 1 hour, thus, clearing out noise from the metric.

aSOPR for this week is at 1 which means investors are selling their Bitcoins at their cost price.

 

CVDD-TERMINAL PRICE CHART INDICATOR

The Bitcoin price has broken out of the descending trendline. Bitcoin is expected to continue its upward movement.
Both Total number of active addresses and total number of transactions on Bitcoin network are up by 52% and 101% in last 24 hours which indicates more and more people are trusting the network for transactions

 

Bitcoin chart

$BTC Price corrected by 0.49% in the last week. It has reached the supply zone and a breakout is expected from this level. The immediate support is expected at $25,000 and resistance is expected at $32,000. 

 

ETH/BTC

ETH/BTC is consolidating within the triangle pattern and it is trading near the demand zone. It corrected by 1.26% against BTC in the last week, the immediate support is expected around 0.062 and the next resistance is expected around 0.073 level. 

 

Tokens with high Relative Strength in the market

 

 

XMINT token listed on India’s biggest exchange delivered 10X returns.

Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.

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Weekly Crypto Market Report – 16th July 2023

WEEKLY CRYPTO MARKET REPORT 


NASDAQ – Global leading Tech Index

The NASDAQ Index gained by 3.52% in the last week, it broke the supply zone of 15300, the next resistance is expected at 16,500 and immediate support is expected at 15000. 
The market leaders contributing towards the rally are Sirius XM, Tesla, Fortinet and Meta. All of them gained more than 10% within a month’s time.

 

CRYPTO

What is the general sentiment for Crypto?The sentiment towards the cryptocurrency market turns into a NEUTRAL zone. Compared to last week, the Fear & Greed Index has decreased a bit, dropping from “56” to “54”. 

 

BITCOIN

SOPR – Another data to evaluate the sentiment of the general public would be to look at Spent Output Profit Ratio (SOPR). What is SOPR? In layman terms, it indicates if people have sold their BTC at a profit or if they sold at a loss. An SOPR value above 1 indicates that profit booking dominated loss booking and below 1 indicates that loss booking dominated profit booking. A value of 1 indicates that the coins were sold at their purchase price. Adjusted SOPR filters out transactions that are younger than 1 hour, thus, clearing out noise from the metric.

aSOPR for this week is at 1 which means investors are selling their Bitcoins at their cost price.

 

CVDD-TERMINAL PRICE CHART INDICATOR

The Bitcoin price has broken out of the descending trendline. Bitcoin is expected to continue its upward movement.

Currently there are over 1 million addresses holding more than 1 BTC, it’s at all time high

 

Bitcoin chart

$BTC Price gained by 0.24% in the last week. It has reached the supply zone and a breakout is expected from this level. The immediate support is expected at $25,000 and resistance is expected at $32,000. 

 

ETH/BTC

ETH/BTC is consolidating within the triangle pattern and it is trading near the demand zone. As expected it gained by 2.98% against BTC in the last week, the immediate support is expected around 0.062 and the next resistance is expected around 0.073 level. 

 

Tokens with Relative Strength in the market

 

 

XMINT token listed on India’s biggest exchange delivered 10X returns.

Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.

Start your Crypto Investments with XMINT Algos today

 

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Weekly Crypto Market Report – 9th July 2023

 

WEEKLY CRYPTO MARKET REPORT 

 


NASDAQ – Global leading Tech Index

The NASDAQ Index corrected by -0.94% in the last week, it is attempting to surpass the supply zone of 15300, an  immediate support is expected at 14,300. 
The Trend looks strong for NASDAQ and is expected to continue the upward trajectory once it breaks the 15300 level. Tesla, Adobe systems, Nvidia and Meta gained more than 10% over last 1 month

 

CRYPTO

What is the general sentiment for Crypto?The sentiment towards the cryptocurrency market continued to stay in the GREED zone. Compared to last week, the Fear & Greed Index has decreased a bit, dropping from “62” to “56”. 

 

BITCOIN

SOPR – Another data to evaluate the sentiment of the general public would be to look at Spent Output Profit Ratio (SOPR). What is SOPR? In layman terms, it indicates if people have sold their BTC at a profit or if they sold at a loss. An SOPR value above 1 indicates that profit booking dominated loss booking and below 1 indicates that loss booking dominated profit booking. A value of 1 indicates that the coins were sold at their purchase price. Adjusted SOPR filters out transactions that are younger than 1 hour, thus, clearing out noise from the metric.

aSOPR for this week is at 1 which means investors are selling their Bitcoins at their cost price.

 

Is This The Start of the Bull Market?

 

CVDD-TERMINAL PRICE CHART INDICATOR

The Bitcoin price has broken out of the descending trendline. Bitcoin is expected to continue its upward movement.Currently there are 156,236 addresses holding more than 10 BTC, it’s near all time high

 

Bitcoin chart

$BTC Price corrected by -1.49% in the last week. It has reached the supply zone and a breakout is expected from this level. The immediate support is expected at $25,000 and resistance is expected at $32,000. 


ETH/BTC

ETH/BTC is consolidating within the triangle pattern and it is trading near the demand zone. It corrected by -2.43% against BTC in the last week, the immediate support is expected around 0.062 and the next resistance is expected around 0.073 level. ETH is expected to bounce back from this levels

 

Tokens with Relative Strength in the market

 

 

 

XMINT token listed on India’s biggest exchange delivered 10X returns.

Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.

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Weekly Crypto Market Report – 2nd July 2023

WEEKLY CRYPTO MARKET REPORT 

 

NASDAQ – Global leading Tech Index

The NASDAQ Index gained 1.95% in the last week, it is attempting to surpass the supply zone of 15300, an  immediate support is expected at 14,300. 

The Trend looks strong for NASDAQ and is expected to continue the upward movement once it breaks the 15300 level.

 

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market continued to stay in the GREED zone. Compared to last week, the Fear & Greed Index has increased from “55” to “62”. 

 

BITCOIN

SOPR – Another data to evaluate the sentiment of the general public would be to look at Spent Output Profit Ratio (SOPR). What is SOPR? In layman terms, it indicates if people have sold their BTC at a profit or if they sold at a loss. An SOPR value above 1 indicates that profit booking dominated loss booking and below 1 indicates that loss booking dominated profit booking. A value of 1 indicates that the coins were sold at their purchase price. Adjusted SOPR filters out transactions that are younger than 1 hour, thus, clearing out noise from the metric.

aSOPR for this week is at 1 which means investors are selling their Bitcoins at their cost price.

 

Is This The Start of the Bull Market?

 

CVDD-TERMINAL PRICE CHART INDICATOR

The Bitcoin price has broken out of the descending trendline. Bitcoin is expected to continue its upward movement.

Currently there are 156,271 addresses holding more than 10 BTC, it’s near all time high

 

Bitcoin chart

$BTC Price gained 0.51% in the last week. It has reached the supply zone and a breakout is expected from this level. The immediate support is expected at $25,000 and resistance is expected at $32,000. 

 

ETH/BTC

ETH/BTC is consolidating within the triangle pattern and it is trading near the demand zone. It gained by over 1.5% against BTC in the last week, the immediate support is expected around 0.062 and the next resistance is expected around 0.073 level. ETH is expected to bounce back from this levels

 

Tokens with Relative Strength in the market

 

XMINT token listed on India’s biggest exchange delivered 10X returns.

Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.

Start your Crypto Investments with XMINT Algos today