Bitcoin bounced off the $16,750 support level during the US session, keeping Bitcoin price prediction bullish. If the candles close below $16,930, BTC could enter a bullish trend, and a bullish breakout of the $16,950 level could expose BTC to new highs.

According to a prominent crypto analyst who correctly predicted the Bitcoin (BTC) meltdown in May 2022, Binance Coin (BNB) is about to crash. Crypto trader and Twitter pseudonym Capo warns his 697,100 followers that the massive crypto exchange’s native token BNB is expected to drop by more than 80%.

Bitcoin Price

Bitcoin is currently trading at $16,855, with a $13 billion trading volume in the last 24 hours. Bitcoin failed to break through the $16,930 double-top resistance level, implying a drop to the $16,775 support zone if it closes below that level.

On the 4-hour time frame, BTC is positive due to an upward channel, so a close above $16,775 could trigger a retracement.

If BTC falls below $16,775 today, it could fall as low as $16,450. Keep an eye on $16,775; if BTC continues to show a buying trend above this level, it may continue to rise.

Profitable Cryptocurrencies to Monitor

Due to the market’s fear of loss, investors are looking for safer, higher-yielding alternatives. Early investors have access to the largest pre-sales in the market.

FightOut (FGHT)

The FightOut (FGHT) platform functions similarly to a personal trainer, with the exception that the FGHT token is rewarded in advance for exercise time. All activities are recorded and can be used to boost the stats of one’s metaverse avatar.

The FGHT presale is doing well, with over $2.6 million already raised. The current selling price of 60.06 FGHT for $1 (FGHT can be purchased with ETH or USDT) will rise as the sale progresses.

Dash 2 Trade (D2T)

When it launches in early 2023, Dash 2 Trade will be an Ethereum-based platform that will provide real-time statistics and social trading data. Trading signals, on-chain analytics, strategy-building tools, and newsfeeds will be among the first features, assisting both new and experienced traders to stay on top of the volatile bitcoin market.

The trading intelligence cryptocurrency project’s sell-out presale will be extended with the addition of an over-funding round, according to new information. The presale reached its fourth and final funding goal of $13,420,000 earlier today and was thus scheduled to end.

To accommodate those who may have missed the initial investment window, the Dash 2 Trade team has decided to hold a 5th stage (or “over-funding round”) of the presale in which 36,000,000 tokens will be sold at a price of $0.0556 in order to raise an additional $2,001,600.

D2T is being over-funded at a 4% premium to its previous price of $0.0533. The project’s current fundraising total is $15,421,600.

C+Charge (CCHG)

C+Charge (CCHG) is a blockchain-based technology that rewards owners of electric vehicles for charging and driving them. Its native token, CCHG, is currently available for purchase. The use of electric vehicles has grown significantly in recent years all over the world. The electric vehicle (EV) industry has emerged as a greener alternative to the traditional automobile industry, which has long been in need of reform.

People can now buy EVs and participate in the green revolution thanks to companies like Tesla, Rivian, and others. The network has already agreed to add 20% of Turkey’s EV chargers to its network to demonstrate its scalability. 1 CCHG costs $0.013, and it can be bought with BNB or USDT. So far, the presale has raised $76,365.

Bitcoin (BTC) hit a quick six-week high by July 29 as the fallout from the latest macro development boosted risk assets.

BTC/USD 1 Hour Candlestick Chart (Bitstamp). Source: TradingView
A monthly closing could seal 20% profits
Data from Cointelegraph Markets Pro and TradingView captured local highs of $24,445 for BTC/USD on Bitstamp, the best since the week beginning June 13.

After consolidating around $23,000, bulls got a second wind to push the market higher on the back of the latest US Federal Reserve rate hike and GDP data confirming the US is now in recession.

Risk assets outperformed overall, with bitcoin and altcoins joining gold to give traders and analysts reason for a positive outlook.

Gold #GOLD $GLD $GC_F held the bottom of the 23-month rectangle (yellow), which will serve as a handle for the massive C&H. The bull market has begun. Prices are heading north. The goal aimed for $3,000 over the next few years.

“This is getting interesting,” chain monitor Material Indicators tweeted in an update to its short and long signal thread for the June 28 BTC/USD daily chart. He observed the potential for Bitcoin to reach a higher high (HH). next:

“All trend spotting signals are printed on the Long D chart, plus the 21-DMA and 50-DMA unwinds. If BTC can form a HH, there will be a small friction to the next HH and then the macro channel will go into the YES range, it is still a bear market rally.”

Material Indicators added that $25,000 would also be a key price level to watch if the higher high at $24,300 holds for the day’s close.

“If this rally can get past $25,000 then $28,000 will take center stage very quickly,” read part of another post.

“The parabolic downtrend from ATH has been broken,” Blockware Chief Analyst William Clemente, meanwhile, summed up in a skewed alternative view of BTC’s current price performance in 2022.

From the same point last week, BTC/USD is up a modest 4% at the time of writing. With two days left until July’s weekly close, the pair was on track to close out monthly gains of over 20%, data from Coinglass confirmed.

BTC/USD monthly returns chart (screenshot). Source: Coinglass
Key support ETH eyes regained above $1,700
Altcoins were similarly rosy on the day as Ether (ETH) breached $1,700 to challenge the highs of the week dating back to June 6.

Related: 3 Bitcoin Trading Behaviors Suggest BTC’s Return to $24,000 Is a ‘Fakeout’

Does it scare you or get you very, very excited? #ETH

While Material Indicators toyed with the idea of another retracement and a lower low well below $1,000, others acknowledged the strength of short-term price action across altcoins.

“$ETH, like many altcoins, successfully retested old resistances to new supports and has rebounded strongly since then,” commented popular trader and analyst Rekt Capital.

Strong rebound from $ETH after successful retest

ETH is slowly approaching the next immediate resistance (upper orange box)

ETH would need to regain the bottom of this box as support if it is to move higher #ETH #Crypto #Ethereum

Additional analysis called for ETH/USD to reclaim the support zone starting around $1,730 for a continuation.

The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Cointelegraph.com. Every investment and trading step involves risk, you should do your own research when making a decision.