– The cryptocurrency markets are currently experiencing a slump, favoring the bears and indicating a potential trend change to the downside.
– Bitcoin is trading within a narrow range and may remain quiet for a few more weeks before making a move in September, according to QCP Capital.
– Delphi Digital co-founder Kevin Kelly predicts that Bitcoin will hit a new all-time high by Q4 2024 and a new cycle peak by Q4 2025 based on four-year cycle patterns.
– Bitcoin investor Jesse Myers expects a bullish long-term view but does not anticipate Bitcoin reaching $100,000 before the next halving.
– The charts of the top 10 cryptocurrencies show mixed signals, with Bitcoin, Ether, BNB, XRP, Dogecoin, Cardano, Solana, Polygon, Litecoin, and Polkadot all experiencing various levels of bearish pressure.
– Key levels to watch out for include $28,585 for Bitcoin, $1,816 for Ether, $220 for BNB, $0.56 for XRP, $0.07 for Dogecoin, $0.26 for Cardano, $22.30 for Solana, $0.60 for Polygon, $81.36 for Litecoin, and $4.60 for Polkadot.
