(8/1, Mon) btc rose 3.2% weekly while eth rose 5.0%

in #btc2 years ago

Yesterday(7/31 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $23640, its lowest as $23226, its highest as $24191, its closing as $23299. After starting on Sunday, Bitcoin consolidated near $23700, then fell again after a whipso pattern at 18:00, reaching a low above $23k at 22:30 and closing -1.5% down.

Looking at the 4hr chart, Bitcoin tried to rise as the trading volume, which had been continuously decreasing, increased, but was pushed back immediately, and the fact that the trading volume has decreased again shows that the upward trend is still alive. On the daily chart, it appears to be re-adjusting after an N-shpaed rise, which can be seen as before one more rise.

Over the past two days, when Bitcoin rose above $24k, it fell two times more than $500 in a few minutes, and seeing that btc fell for no particular reason, I guess it is a move to earn money through funding on the futures exchange. Bitcoin rose 3.2% weekly and the dominance fell from 42.45 to 41.98 while Ethereum rose 5.0%.

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