The crypto market has broken out bullishly

The crypto market has broken out bullishly

[ad_1]

Crypto market forecast for Wednesday, July 16, 2025: The market was able to break out bullish and now seems to be initiated.

The market could now fall lower one floor. Will the market at the next FIB bounce support Bullisch?

The crypto market has set up a new ATH at around USD 3.8 trillion

The crypto market was able to break out bullishly and leave the trendlining resistance of the deeper high points behind. He even exceeded the ATH of around $ 3.7 trillion at around $ 3.8 trillion a new ATH.

But today the course seems to initiate a correction. It then finds the next significant Fibonacci support at around $ 3.48 trillion and around $ 3.28 trillion.

In addition, the 50-dayema acts at around USD 3.32 trillion as significant support. The indicators are mostly bullish in the daily -type.

The MACD lines are crossed and the EMAs have a golden crossover, which makes the trend be bullish in the short to medium term. The RSI seems to leave overbought regions and come back to the neutral area.

The histogram of the MacD, on the other hand, begins to tick more deeper today.

Crypto market market capitalization Chart TradingView
Crypto market capitalization chart of Tradingview

In the 4h chart, the RSI has a bearish divergence

In the 4h chart, the EMAs also have a golden crossover, which makes the trend confirmed bullish at short notice. The MacD lines, on the other hand, have crossed the bear and the histogram of the MacD has been berry deeper for a few days.

In addition, the RSI shows a bearish divergence, which could go deeper for the market at short notice.

Crypto market market capitalization Chart TradingView
Crypto market capitalization chart of Tradingview

In the weekly chart, the indicators mostly give bullish signals for the crypto market

In the weekly chart, the MACD lines have crossed bullishly and the histogram of the MacD has been bull -high for a few weeks. In the meantime, the RSI occupies a neutral position.

In addition, the EMAs also have a gold crossover here, which also has the trend in the medium term.

Crypto market market capitalization Chart TradingView
Crypto market capitalization chart of Tradingview

The crypto market has increased by around 65 % for the past four months

The course has increased around 65 % in the past four months. The histogram of the MacD has been ticking for three months and the MacD lines have been crossed bullish, while the RSI borders on overbought regions.

If the course correctly corrects, at the latest at around 2.85 trillion USD significant Fibonacci support. Overall, however, the upward trend remains bullish, provided that the market above the Golden Ratio stays with around $ 1.87 trillion.

At around 1.96 trillion USD, the 50-month MA also acts as an additional support.

Crypto market market capitalization Chart TradingView
Crypto market capitalization chart of Tradingview

Bitcoin dominance could fall by another 5 %

The Bitcoin dominance still has about 10 % upward potential until it comes across significant resistance area. The course could now fall downwards by 5.2 %.

Because then she comes across significant golden ratio support on the 50-weekema at around 61 %. In addition, the histogram of the MacD is currently berry deeper and the MacD lines are over -crossed, while the RSI traces a bearish divergence.

The EMAS, on the other hand, still have a golden crossover in the weekly chart, which means that the trend remains bullish in the medium term. In the short term, it still looks like a correction movement.

Bitcoin dominance Chart Tradingview
Bitcoin dominance chart from Tradingview

On this Crypto exchanges Can you act cryptocurrencies:

Here If it goes to the last crypto market course forecast from July 9, 2025.

Disclaimer

In accordance with the guidelines of the Trust project, this price analysis article only serves for information purposes and should not be regarded as financial or investment advice. BeinCrypto commits to precise, impartial reporting, but the market conditions can change without prior notice. Always carry out your own research and consult a specialist before making financial decisions. In addition, the past performance does not offer any guarantee for future results.

[ad_2]

Source link

Jayd Johnson

Leave a Reply

Your email address will not be published. Required fields are marked *