Bitcoin: July Green Close Despite Fed Hold
Bitcoin at $64030.57 tracks green July close after absorbing no Fed rate cut and CLARITY Act delay, with 4h chart showing MACD golden cross and neutral RSI.
SourceAnalysis
Bitcoin is on track to close July in the green, according to @CryptoKing4Ever, after the market absorbed no rate cut from the Fed and the delayed CLARITY Act over the past six months.
Price action at $64030.57 sits inside Bollinger Bands with upper resistance at $65608.03 and lower support at $62933.31. The 4h chart shows bearish structure against EMA50 at $64444.59 yet MACD registers a bullish golden cross at -203.26 while RSI at 47.13 stays neutral, pointing to a probable test of upper band resistance before any retracement to EMA200 support at $63903.02. This setup supports ongoing BTC price prediction models focused on crypto market resilience after regulatory setbacks.
Crypto King
@CryptoKing4EverSpecializes in cryptocurrency investment and market analysis, with a focus on Bitcoin, Ethereum, and Solana ecosystems. Provides trading strategies and altcoin research for crypto enthusiasts.