Market Movers: July 29

Bitcoin is about to drop!

 Authors: Trav and TheOpenChain

Delivering the most relevant info you need to win this coming week.

Not to worry, we will still be delivering high quality alpha and deep dives that you’ve come to trust. This is just another way to help us all grow.

Let’s get into it.

1. Bitcoin Price Overview

  • Chart Insight:

    • Last Week's High: $69,418

    • Last Week's Low: $63,412

    • Weekly Volume: down from previous week, below average.

    • Daily RSI: 62 - Neutral. (Oversold < 30, Overbought >70)

    • Support Levels: $67.5k, $64.6k

    • Resistance Levels: $70k, $72k

    • Trend Last Week: Bullish/Indecision

  • Chart Signal! → RSI Bearish Divergence on the daily chart!

This signal often precedes a retracement to lower levels.

  • Social Sentiment:

Extremely HIGH. Very Bearish Signal!!

  • Whales Positioning:

Percent of wallets holding 100-1million bitcoin took a tiny dip.

2. Sector Overview

3. Token Performance

Best and worst performers over the past week, of the top 300 tokens by market cap:

4. VC Project Funding

Top Projects that received VC funding last week.

5. Crypto Market News

  • Catalysts and News events for this week:

    • Highlights from Trump’s BTC Speech: Says to never sell your Bitcoin, he will sack Gary Gensler, and US to create a Crypto Reserve. (CryptoNews)​

    • Pressure Mounts That Democrats Go Pro-Crypto: Democratic members of congress urge Kamala Harris to accept Crypto. (CoinDesk)

    • Recovery Fund for WazirX: Indian Crypto exchange launches plan for fund after ​$230 million hack. (CoinTelegraph)​

    • Russia Adopting Crypto: New rumors that Russia will not try to stop the wave of crypto and legalize exchanges​ (CryptoNews)​.

    • ETH ETF Seeing Massive Outflow: Still netpositive, but liquidity is transferring out. Influx into ETH Mini ETF however.​ (CoinTelegraph)​.

    • Base DAWG Meme Coin Breaks $2.7 million at Presale: In its current presale stage, Base Dawgz pegs its native token, $DAWGZ, at $0.006725 – a solid 40% jump from its launch price of $0.00479. (CryptoNews)

  • Largest Token Unlocks this week:

Large Token Unlocks can dilute the token and drop the price.

6. Top NFT Projects by 7 day Volume Last Week

7. Community Corner

  • Your Voice Matters!

    • Have questions or topics you'd like us to cover? Feel free to reach out by replying to this email and we’ll give you a shout out as well!

    • This Week’s Question: “Will Bitcoin make new all time highs soon?” - Thanks TheOpenChain for the great question!

  • Answer: Not before we see a correction first. Probably.

  • Check out the thread below to see why:

Bonus Alpha: 

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This project has been vetted by our Web3 Matters team after extensive research and interviews with the founding team.

Check out the post below for all of the details. .

Finally, we'll be giving away exclusive thank-you gifts to our early supporters, so be sure to invite your friends to subscribe to Growth Bytes. Link below 👇️ 

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