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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The first day of August has begun positively for the cryptocurrency market as all of the top 10 coins are in the green zone.
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    <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top coins by CoinMarketCap</a>
    BTC/USD
    
    The passing week has been positive for Bitcoin (BTC) as its rate has risen by 21%.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the hourly chart, Bitcoin (BTC) set the local peak at around $42,614, followed by a short-term decline. After testing the liquidity zone at $41,800, bulls are trying to come back, accompanied by increasing trading volume.
    
    <a rel="nofollow" target="_blank" href="#-eth-xrp-bnb-and-ada-price-analysis-for-july-31">card</a>
    
    If they can manage to break the local resistance, there are chances to get to $43,000 by the end of the day.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the bigger time frame, the chief crypto is stuck between the support at $41,000 and resistance at $42,335. The trading volume has declined, which means that traders are still accumulating power for a price blast. If they break the resistance, the next level of $43,700 may be attained by the end of the next week.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    According to the weekly chart, Bitcoin (BTC) is about to break the resistance at $42,300 as bears are not showing any efforts to push the rate down. If the breakout occurs, the next area at which&nbsp;sellers can get back in the game is $47,000.
    
    Bitcoin is trading at $41,821 at press time.
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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The first day of August has begun&nbsp;positively for the cryptocurrency market as all of the top 10 coins are in the green zone.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top coins by CoinMarketCap</a>
    BTC/USD
    
    The passing week has been positive for Bitcoin (BTC) as its rate has risen by 21%.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the hourly chart, Bitcoin (BTC) set the local peak at around $42,614, followed by a short-term decline. After testing the liquidity zone at $41,800, bulls are trying to come back, accompanied by increasing trading volume.
    
    <a rel="nofollow" target="_blank" href="#-eth-xrp-bnb-and-ada-price-analysis-for-july-31">card</a>
    
    If they can manage to break the local resistance, there are chances to get to $43,000 by the end of the day.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the bigger time frame, the chief crypto is stuck between the support at $41,000 and resistance at $42,335. The trading volume has declined, which means that traders are still accumulating power for a price blast. If they break the resistance, the next level of $43,700 may be attained by the end of the next week.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    According to the weekly chart, Bitcoin (BTC) is about to break the resistance at $42,300 as bears are not showing any efforts to push the rate down. If the breakout occurs, the next area at which&nbsp;sellers can get back in the game is $47,000.
    
    Bitcoin is trading at $41,821 at press time.
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Bitcoin (BTC) Price Analysis for August 1

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Sun, 1/08/2021 - 14:18
Bitcoin (BTC) Price Analysis for August 1
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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The first day of August has begun positively for the cryptocurrency market as all of the top 10 coins are in the green zone.

Advertisement
Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The passing week has been positive for Bitcoin (BTC) as its rate has risen by 21%.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the hourly chart, Bitcoin (BTC) set the local peak at around $42,614, followed by a short-term decline. After testing the liquidity zone at $41,800, bulls are trying to come back, accompanied by increasing trading volume.

card

If they can manage to break the local resistance, there are chances to get to $43,000 by the end of the day.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the bigger time frame, the chief crypto is stuck between the support at $41,000 and resistance at $42,335. The trading volume has declined, which means that traders are still accumulating power for a price blast. If they break the resistance, the next level of $43,700 may be attained by the end of the next week.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

According to the weekly chart, Bitcoin (BTC) is about to break the resistance at $42,300 as bears are not showing any efforts to push the rate down. If the breakout occurs, the next area at which sellers can get back in the game is $47,000.

Bitcoin is trading at $41,821 at press time.

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