Источник BeInCrypto.com
Заголовок The Biggest Crypto Predictions for July 2024
Дата 20240630

Этим цветом    обозначаются известные системе слова и выражения, принимавшие участие в анализе данного текста, а таким    - идентифицированные, то есть соотнесенные с каким-либо объектом онтологической базы

============= Обработанный текст:
The Biggest Crypto Predictions for July 2024

The month of July is primarily focused on the potential launch of spot
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs. However, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and a few other crucial assets have something
equally huge ahead of them.

BeInCrypto has compiled what major developments you can expect in the next
month that could impact the crypto market.

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s Price Could See a Multi-Month Low

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price, at $61,150 at the time of writing, is holding itself above
the $60,000 mark. While many feared that the market’s uncertainty could have
pulled it below this level, they missed the bigger picture.

BTC on the weekly chart can be seen forming a double-top pattern. This macro
bearish pattern signals that the asset may be set for a downward trend.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price can be seen breaking below the neckline at $61,483.

This breakdown might find some support at $58,874, but the pattern suggests a
much larger decline. The target price is set 17% below the neckline at
$50,982, which would result in a four-month low for BTC.

The possibility of this happening is rather strong, considering the “sell in
May and go away” notion continues to impact spot BTC ETF inflows . Combining
this with the volatility of the crypto market, a drawdown is very possible.

Read More: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Halving History: Everything You Need To Know

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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Price Analysis. Source: TradingView

However, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price could also bounce back from $60,000 or $58,847 to
invalidate the bearish thesis. This would be confirmed once $62,000 is
reclaimed as support.

Arbitrum Could See a New All-Time Low

Arbitrum’s price decline is expected, but the threat of a new all-time low is
alarming . ARB, the second-largest Layer-2 token behind Polygon ( MATIC ), has
seen its demand dwindle significantly in recent weeks, leading to a massive
price drop. Since early March, it has fallen by over 60% to $0.799, forming a
head and shoulders pattern.

A head-and-shoulders pattern is a bearish reversal chart pattern with three
peaks — a higher middle peak (the head) flanked by two lower peaks (the
shoulders). Once the neckline is broken, it indicates a potential trend
reversal from bullish to bearish.

Based on this pattern, Arbitrum’s target price is projected at $0. However,
this is absurd because ARB is a fundamentally strong asset. The most likely
outcome is a new all-time low for ARB, as it is currently sits above the
current minimum of $0.739.

Shifting market sentiment could accelerate this decline, and before the end of
July, ARB could see a new ATL.

Read More: Arbitrum (ARB) Price Prediction 2024/2025/2035

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Arbitrum Price Analysis. Source: TradingView

On the other hand, if Arbitrum’s price manages to bounce back from $0.739, it
could take a shot at breaching $0.929. A succesful attempt could send ARB
above $1.00, invalidating the bearish thesis.

NFTs Are Dying

Non-fungible tokens ( NFTs ) gained prominence in 2022, but their performance
since then has been disappointing. Some resurgence in activity and demand
occurred in Q1 this year.

However, this revival appears short-lived. Over the past three months, overall
trading volume has plummeted from $38.8 million to $7.9 million, marking an
81% decline.

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Read More: 7 Best NFT Marketplaces You Should Know in 2024 NFT Trading Volume.
Source: Dune

The cause behind this drop is twofold. First, the lack of innovation offered
in this space has left its demand minimal. Second, there has been a rise in
alternative investment options and assets such as real-world assets (RWA).

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The rise in Artificial Intelligence (AI) tokens has also drawn
investors attention. Given AI s potential for growth, crypto
investors are leaning more toward choosing them.

As a result, the NFT trading volume could decline further as bearish market
conditions and the aforementioned factors gain strength.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for
informational purposes only and should not be considered financial or
investment advice. BeInCrypto is committed to accurate, unbiased reporting,
but market conditions are subject to change without notice. Always conduct
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============= Итог: 4,2320 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Ethereum#Bitcoin 4,2320 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin#Ethereum


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