During this Bitcoin lunch, we naturally look at the live Bitcoin price and the prices of the top 25 crypto. Then we look at the crypto results from last week and last month. Then we see how the Dutch BTC family Taihuttu is affected by the crypto crisis. We also look at the Bitcoin key prices for the coming week. Finally, we’ll see how you can take advantage of this Bitcoin lunch.
We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price and prices top 25 crypto rise
At the time of writing, the live Bitcoin price is EUR 18,595.14 ($19,379.90). This is 1.79% higher than yesterday, but a fraction lower than during our Bitcoin lunch last Friday.
The prices of most crypto from the top 25 are also rising. There are some falling prices. The biggest loss is currently at -2.56% for Polygon (MATIC). The biggest gain is currently at +5.54% for Avalanche (AVAX).
With this recovery, we cannot avoid ending a negative week and month for the crypto markets.
Bitcoin and crypto close out another negative week
Looking at the weekly results we see that it was another negative week for the crypto market. Bitcoin (BTC) lost 8.93%, making it a mid-range performer. The biggest loss this past week was for Polygon (MATIC), which lost 18.66%. Besides the stable coins, only Tron (TRX) managed to post a positive weekly result with + 1.63%.
The monthly results of the top 25 crypto coins are also predominantly red. Besides the stable coins, only Leo Token (LEO) and OKB (OKB) recorded positive results of +20.83% and +7.43% respectively. The heaviest loss over the past 30 days was with -41.21% for Lido Staked Ether (STETH). Bitcoin (BTC) lost 35.48% over that period. On the site of Tradeincrypto.com you can analyze all results and all live crypto prices 24 hours a day.
This is how the Dutch BTC family has been hit by the crypto crisis
The Dutch Bitcoin family Taihuttu became world famous in cryptoland when they converted all their assets into Bitcoin in 2017 and went global. Many people thought it was strange, but the family became quite rich with it as the price was $900 each at the time.
Yet they did not escape the crisis either. From his new Bitcoin bar in Portugal, father Didi Taihuttu tells how he sold 15% of his Bitcoin in November when the price dropped to $15,000. Yet the family lost more than a million dollars in the following crisis. Meanwhile, he is slowly buying up again because he thinks the bottom will be reached soon. This bottom, he believes, is between $15,000.00 and $20,000.00.
By the way, nobody knows how much BTC and other crypto the family has. What is known is that they keep 70% of their assets in so-called cold wallets. These are hidden in different locations on different continents. The other 30% is for trading and daily expenses. You can read the whole article here.
This is the Bitcoin forecast with key rates for the coming week
We are facing a so-called broken week this week as the US financial markets are closed today due to Independence Day. However, we do see the market reacting nervously as the price of BTC remains below $20,000.
With that, the price also remains below the 200-week moving average. So eyes are on the psychological barrier of $ 20,000. As long as this is not broken through positively again, analysts continue to assume a further crash. They do not exclude that the price will drop to $ 16,000.
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In 2018, The Orange MA was the Bottom. In 2020, The Green MA was Bottom. Currently holding the Green MA (16-17K). If it breaks then there is a Possibility of Next Bottom Blue MA (12-13K) $BTC pic.twitter.com/rZILTAOlXf
– Trader_J (@Trader_Jibon) July 3, 2022
As we can see, this pattern is following the bearish trend that we foresaw earlier. With that, a bottom between $12,000.00 and $13,000.00 is still a real option.
The Elliott Wave analysis also shows that the $20,000 price remains key and that a bearish development is the most likely. We can see this clearly in the video analysis below (starting at 3.30 minutes).
Nevertheless, even in a bearish market there is plenty to be earned. In fact, you may have an edge.
Do you have an edge in Paper Trading?
With paper trading you can virtually invest in the crypto market for free and, for example, test strategies or get acquainted with trading on crypto exchanges. In addition, in the paper trading competitions which you can now join for free, there are great prizes to be won. Thanks to the daily Bitcoin lunch and crypto update you are provided with the latest news and analysis. You may be able to use this to your advantage and win those prizes.
Investing but not (only) in Bitcoin?
Other investments are also interesting for many people. That’s why we provide our sister site MANNERS.nl every Monday with our price forecast in which we look ahead to the expected price development of popular investments such as stocks, options, gold, silver and FOREX. Of course, the price forecast for the coming week is ready for you.
Want to stay informed about the latest price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”