{"id":857,"date":"2021-07-23T06:21:09","date_gmt":"2021-07-23T06:21:09","guid":{"rendered":"https:\/\/www.cryptocurrencypanther.com\/2021\/07\/23\/bitcoin-polkadot-price-analysis-july-23-2021\/"},"modified":"2021-07-23T06:21:09","modified_gmt":"2021-07-23T06:21:09","slug":"bitcoin-polkadot-price-analysis-july-23-2021","status":"publish","type":"post","link":"https:\/\/cryptocurrencypanther.com\/2021\/07\/23\/bitcoin-polkadot-price-analysis-july-23-2021\/","title":{"rendered":"Bitcoin, Polkadot Price Analysis: July 23, 2021"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<ul>\n<li>Bitcoin price steadies the run from support at $29,000 by settling above $32,000.<\/li>\n<li>Polkadot leads recovery in the market alongside crypto assets like Stellar.<\/li>\n<\/ul>\n<p>The cryptocurrency boat has slowed down following a remarkable recovery from the slump earlier in the week. As crypto assets came up gasping for air, the hope for recovery blossomed among investors. <a rel=\"nofollow noopener\" href=\"https:\/\/coingape.com\/bitcoin-price-prediction-btc-strong-technicals-and-fundamentals-flop-at-critical-resistance-delaying-recovery-to-40000\/\" target=\"_blank\">Bitcoin stepped above $32,000<\/a>, although it failed to break the barrier at $33,000.<\/p>\n<p>On the other hand, <a rel=\"nofollow noopener\" href=\"https:\/\/coingape.com\/88223-2\/\" target=\"_blank\">Ethereum<\/a> recoiled from levels close to $1,700 and is currently settled slightly above $2,000. The <a rel=\"nofollow noopener\" href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\">cross-border money transfer token XRP<\/a> lifted from $0.52 to ballet the barrier at $0.6 before extending the price to $0.7 and $1, respectively.<\/p>\n<h2>Bitcoin:-<\/h2>\n<p>Bitcoin is closing in the stubborn resistance at $33,000 after firmly securing support at $32,000. Short-term technical indicators suggest the flagship cryptocurrency is in the bulls\u2019 hands. Moreover, overcoming the hurdle at the 100 Simple Moving Average (SMA0 seems to have triggered more buy orders as bulls focus on lifting to $34,000 in the coming sessions.<\/p>\n<p>The Moving Average Convergence Divergence (MACD) indicator bullish impulse confirms the ongoing uptrend. In addition to the recently flashed buy signal, the MACD has crossed above the mean line, thus adding credence to the bullish outlook. Therefore, Bitcoin can gain ground above $33,000 and perhaps close the day beyond $34,000.<\/p>\n<h2>BTC\/USD four-hour chart<\/h2>\n<figure id=\"attachment_88266\" aria-describedby=\"caption-attachment-88266\" style=\"width: 1274px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" href=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2021\/07\/23104342\/july23-btc.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-88266\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"BTC\/USD price chart \" width=\"1274\" height=\"617\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2021\/07\/23104342\/july23-btc.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-88266\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2021\/07\/23104342\/july23-btc.png\" alt=\"BTC\/USD price chart \" width=\"1274\" height=\"617\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-88266\" class=\"wp-caption-text\">BTC\/USD price chart by<a rel=\"nofollow noopener\" href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\"> Tradingview<\/a><\/figcaption><\/figure>\n<h2>Polkadot:-<\/h2>\n<p>Polkadot has begun a potentially huge run for gains eyeing highs above $20. The bullish outlook comes after the toke plunged to $10.5. A recovery is underway with, bulls gaining ground above $13.<\/p>\n<p>Consequently, the bullish outlook has been reinforced by a falling wedge pattern. Traders use this pattern to identity trend correction and ascertain the validity of the asset gaining ground, especially after a significant price drop.<\/p>\n<p>A real break above the upper trend line confirms the breakout. An upsurge in volume usually accompanies it. As for Polkadot, the uptrend could hit levels above $20 after extending the bullish leg 63% from the breakout point.<\/p>\n<h2>DOT\/USD four-hour chart<\/h2>\n<figure id=\"attachment_88267\" aria-describedby=\"caption-attachment-88267\" style=\"width: 1274px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" href=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2021\/07\/23104345\/july23-DOT.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-88267\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"DOT\/USD price chart\" width=\"1274\" height=\"617\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2021\/07\/23104345\/july23-DOT.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-88267\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2021\/07\/23104345\/july23-DOT.png\" alt=\"DOT\/USD price chart\" width=\"1274\" height=\"617\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-88267\" class=\"wp-caption-text\">DOT\/USD price chart by <a rel=\"nofollow noopener\" href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\">Tradingview<\/a><\/figcaption><\/figure>\n<p>The MACD also reinforced the bullish narrative by presenting a call to buy Polkadot on the four-hour chart. Meanwhile, the bulls\u2019 strength is emphasized by the RSI\u2019s movement from the oversold area to above the midline.<\/p>\n<p><noscript><link rel=\"stylesheet\" href=\"https:\/\/fonts.googleapis.com\/css?family=Roboto%3A400%2C500%7CPoppins%7CCookie%7CSue%20Ellen%20Francisco%7CCourgette%7COpen%20Sans%3A300%2C500%2C400italic%2C600%2C700&amp;display=swap\"\/><link rel=\"stylesheet\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/a69dae4562c883cea646254e73a0e27f.css\" media=\"all\" data-minify=\"1\"\/><\/noscript><\/p>\n<div class=\"disclam\">\n<p><span class=\"spanclick\"> Disclaimer<\/span><\/p>\n<p> The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div>\n<div class=\"authorclam\">\n<p><span class=\"spanclick\"> About Author<\/span><\/p>\n<div class=\"authorFlip\" style=\"display:none\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<div class=\"authodes\">John is a talented writer with over two years of experience actively contributing to the cryptocurrency industry by providing credible, interesting and easy to read the content. His main focus is on cryptocurrency price analysis and industry news coverage. Lets follow him on Twitter at <a href=\"https:\/\/twitter.com\/jjisige\">@jjisige<\/a> <\/div>\n<\/p><\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=60&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=60&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"newNewsletter\">\n<div class=\"newLetterimg\">\n<img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2021\/06\/14150338\/email.webp\"\/><noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2021\/06\/14150338\/email.webp\"\/><\/noscript>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/coingape.com\/bitcoin-polkadot-price-analysis-july-23-2021\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price steadies the run from support at $29,000 by settling above $32,000. Polkadot leads recovery in the market alongside crypto assets like Stellar. The cryptocurrency boat has slowed down following a remarkable recovery from the slump earlier in the week. As crypto assets came up gasping for air, the hope for recovery blossomed among [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[337,36,146,822,124],"class_list":{"0":"post-857","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-analysis","9":"tag-bitcoin","10":"tag-july","11":"tag-polkadot","12":"tag-price"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=857"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/857\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/858"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}