Bitcoin, Axie Infinity and Dogecoin – European Wrap 27 July


Bitcoin price rallied exponentially based on rumors, which pushed it beyond $40,000 for the first time in roughly 40 days. This bullish move affected a majority of the altcoins, including Ethereum and Ripple, which followed suit.


BTC/USDT 12-hour chart

Axie Infinity price is currently experiencing a pullback as it underwent another exponential upswing. The resulting retracement could extend up to the trading range’s mid-point before new leg-up kick-starts.


AXS/USDT 12-hour chart

Dogecoin price has formed an uptrend since July 21, breaking out from a downward trapped DOGE for nearly a month. The canine-themed cryptocurrency recorded a swing high at $0.23, however, it is expected to retrace and test crucial levels of support before revealing directional intentions. 






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