Price Analysis 7/26: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Bitcoin’s recovery from the $63,500 level is encouraging, but higher levels may face solid resistance from the bears.

• After a short pullback, Bitcoin (BTC) has resumed its march toward the psychological resistance of $70,000. This suggests that every minor dip is being purchased. CryptoQuant CEO Ki Young Ju said in a post on X that “358K BTC has moved to permanent holder addresses” in July, suggesting that Bitcoin is “in an accumulation phase.”
• World’s largest Bitcoin miner, Marathon Digital Holdings, added $100 million in Bitcoin to its Bitcoin holdings over the past month to take its total to more than 20,000 Bitcoin. The firm’s CEO and chairman, Fred Thiel, said in a July 25 X post that Marathon will “now go full HODL” in keeping Bitcoin as their strategic treasury reserve asset.

Bitcoin Price Analysis

Bitcoin rebounded off the 20-day exponential moving average ($64,283) on July 25, signaling that the sentiment remains positive.

• The bulls will try to clear the hurdle at $68,500 and reach the overhead resistance at $72,000. Sellers are expected to mount a fierce defense in the $72,000 to $73,777 zone. If the price turns down sharply from the zone but finds support at the 20-day EMA, it will signal that the bulls remain in control. That will improve the prospects of a break above $73,777.
• The 20-day EMA remains the key level to watch out for on the downside because a break below it will suggest that the bulls have given up. That may sink the BTC/USDT pair toward $60,000.

Ether Price Analysis

Ether broke below the moving averages on July 24 and extended the slide on July 25, indicating that the bears are trying to form a lower high at $3,563.

• The moving averages have started to turn down, and the RSI is just below the midpoint, suggesting a minor advantage for the bears. If the current recovery falters at the moving averages, it will increase the possibility of a drop to $3,000.
• Conversely, if buyers push the price above the moving averages, it will signal that lower levels continue to attract buyers. The ETH/USDT pair may climb to $3,563 and subsequently to the downtrend line.