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BTC, ETH and BNB Price Analysis for July 1

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Sat, 1/07/2023 - 13:40
BTC, ETH and BNB Price Analysis for July 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 rates of most of the coins keep rising, however, there are some exceptions.

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Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has fallen by 1.49% over the last 24 hours.

BTC/USD chart by TradingView

Image by TradingView

On the daily chart, the rate of Bitcoin (BTC) is trading in the middle of the channel between the support at $29,600 and the resistance at $31,458.

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At the moment, traders should pay attention to the nearest zone of $31,000. If the price can fix above it, one can expect a blast to the $32,000 area and above.

Bitcoin is trading at $30,608 at press time.

ETH/USD

Ethereum (ETH) has not followed the correction of Bitcoin (BTC), rising by 1.42%.

ETH/USD chart by TradingView

Image by TradingView

From the technical point of view, the rate of Ethereum (ETH) is trying to break the last resistance before a test of the $2,000 zone. If buyers manage to close the bar above the $1,935 mark, one can expect a sharp upward move to the $2,050-$2,100 area.

Ethereum is trading at $1,928 at press time.

BNB/USD

The rate of Binance Coin (BNB) has also increased by 1.23% since yesterday.

BNB/USD chart byTradingView

Image by TradingView

The price of BNB is trying to reach the interim level at $250 on the daily time frame. If it can do that, there is a high possibility to see a resistance breakout followed by further growth to the $270 area.

BNB is trading at $247 at press time.

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