🚀 BTC back above $65,000 - Crypto | July 27
The market dip starts a new week positively.
The main driver — the “peaceful process” between the USA and Iran, ongoing for the second day already
🔸$BTC : Surged above $65,000 (+1.2%)
🔸$ETH : Serious leader, up 3% — $1,950, which may indicate the start of Altseason
🔸Oil: WTI and Brent futures fell by 5–7% due to reduced military pressure, which boosted inflation expectations
💼 Corporate news and security
➖MicroStrategy: Increased its cash reserve to $3.75B, but BTC holdings remained unchanged — 843,755 coins
➖SpaceX: According to Arkham data, the company Macka is accumulating BTC in the amount of $1.2B
➖Negative: Storj provider filed for bankruptcy. On the BitMart exchange, there were issues withdrawing funds, while BitMEX continues the process of shutting down operations
➖Scams: The Garden Finance protocol stopped working after an attack of $450,000
📅 What are we watching this week?
This week will be “hot” on the macro front:
➖July 29: Fed’s decision on the rate. The market gives ~31–36% for a hike, but most expect a pause
➖July 30: Data on US GDP and the PCE index (inflation). Historically, these events move BTC by 7–10%
📈 Technical picture: For the final breakout into the bull trend, Bitcoin needs to close the weekly candle above 65,700. If we don’t hold the 61,400 level, a pullback to $60,000 and below is possible
At the same time, analysts note that according to 4-day cycles, we are now on day 827 after halving — this is the stage of forming the price bottom before a major rally
#analysis
The market dip starts a new week positively.
The main driver — the “peaceful process” between the USA and Iran, ongoing for the second day already
🔸$BTC : Surged above $65,000 (+1.2%)
🔸$ETH : Serious leader, up 3% — $1,950, which may indicate the start of Altseason
🔸Oil: WTI and Brent futures fell by 5–7% due to reduced military pressure, which boosted inflation expectations
💼 Corporate news and security
➖MicroStrategy: Increased its cash reserve to $3.75B, but BTC holdings remained unchanged — 843,755 coins
➖SpaceX: According to Arkham data, the company Macka is accumulating BTC in the amount of $1.2B
➖Negative: Storj provider filed for bankruptcy. On the BitMart exchange, there were issues withdrawing funds, while BitMEX continues the process of shutting down operations
➖Scams: The Garden Finance protocol stopped working after an attack of $450,000
📅 What are we watching this week?
This week will be “hot” on the macro front:
➖July 29: Fed’s decision on the rate. The market gives ~31–36% for a hike, but most expect a pause
➖July 30: Data on US GDP and the PCE index (inflation). Historically, these events move BTC by 7–10%
📈 Technical picture: For the final breakout into the bull trend, Bitcoin needs to close the weekly candle above 65,700. If we don’t hold the 61,400 level, a pullback to $60,000 and below is possible
At the same time, analysts note that according to 4-day cycles, we are now on day 827 after halving — this is the stage of forming the price bottom before a major rally
#analysis