Best Crypto to Buy Now July 17 – XRP, Arweave, Bittensor
Bitcoin’s recent surge around the $65,000 mark has set the stage for a potential climb towards $71,500, based on historical patterns. Given that, we’d be examining best crypto to buy today.
This price rebound has spurred significant interest among futures traders speculating on Bitcoin’s short-term movements.
At press time, Bitcoin trades at $64,824, representing a 1.49% increase over the past 24 hours.
Moreover, this renewed interest in Bitcoin has led to an influx of capital, with BlackRock’s iShares Bitcoin Trust accumulating $260 million from investors on July 16, contributing more than half of all net inflows into spot Bitcoin ETFs yesterday.
This marked the eighth consecutive day of positive net inflows for U.S. spot Bitcoin ETFs, reaching $422.5 million, the best-performing day since June 5, according to Farside Investors.
Bitcoin’s bulls are striving to push the price above the $64,602 resistance. If successful, the BTC/USDT pair could gain momentum toward the $72,000 to $73,777 resistance zone.
#BTC
The moment Bitcoin breaks $65,000 (blue) is the moment Bitcoin will form a new red cluster of price action
Breaking $65,000 would mean price would be ready to move inside the $65,000-$71,500 region$BTC #Crypto #Bitcoin https://t.co/yxOhRsmVU9 pic.twitter.com/TZMP37ufjx
— Rekt Capital (@rektcapital) July 16, 2024
Meanwhile, Ethereum (ETH) has been range-bound between $2,850 and $4,094 for several months, with traders typically buying near support and selling near resistance.
The bears’ inability to drive the price below $2,850 has initiated a move towards the $4,094 resistance.
Bears may attempt to halt the recovery at the 50-day SMA ($3,469), but if bulls maintain their position, the uptrend is likely to continue.
Overall, the
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