Bitcoin and Binance Coin Analysis Monday 1st August 2022

VCGamers do analysis Bitcoins (BTC/USDT) and Binance Coins (BNB/USDT) today, Monday 1 August 2022.

This analysis was carried out by observing the candlestick movements of the two crypto assets in the Stochastic, Ichimoku and Bollinger Bands.

This analysis was also carried out to be able to provide predictions for Bitcoin and BNB today.

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Following are the results of today's Bitcoin and BNB analysis from VCGamers.

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Bitcoin Analysis (BTC/USDT)

Bitcoin Analysis August 1, 2022 — Bitcoin analysis on August 1, 2022.

Based on Bitcoin (BTC/USDT) analysis conducted by VCGamers, on the time frame for 1 month yesterday it shows an Inverted Hammer Candle with a longer Shadow than the one below the candle and a thick Body Candle.

Thus, it is predicted that in the future the BTC/USDT market will be bullish in August 2022 until it reaches resistance at the price of $24.575,- / $31.539,-.

Meanwhile, on the one-week time frame it can be seen that the movement of the candlestick shows a Close Candle forming a Bullish Hammer where it looks small above and a large long shadow below.

It is predicted that this week's market will still be dominated by buyers / bullish with the aim of resistance at the price of $26.672,- / $28.193,-.

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Binance Coin Analysis (BNB/USDT)

BNB analysis August 1, 2022 — BNB Analysis and Predictions for August 1, 2022.

Based on the analysis, the BNB market in the 4-hour time frame will continue the prediction that has touched support at the price of $281,-.

Currently, the market is forming a Bullish Flag Pattern which will continue to rise to resistance at $298,- / $311,- / $319,-.

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Do Your Own Research (DYOR) before deciding to invest. Thus, the decisions taken always refer to in-depth research.

Crypto investment is an activity that has a high risk in line with the potential for large profits.

We have to increase literacy about the selected crypto assets. So you can find out everything about the assets you choose to invest.

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