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Market Cap: $ 3 663 340 658 986 / 24h Vol: $ 222 537 540 211 / BTC Dominance: 58.861607907734%

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Bitcoin volume hits lowest since early 2021 amid fear $25K may return

ddb31888-4247-4679-af0f-209c17dd3393.jpg

BTC price retracing deeper than $25,000 is "possible," analysis warns, with $28,300 the line in the sand for Bitcoin bulls.

Bitcoin (BTC) stayed static at the July 31 Wall Street open as analysis warned that the net was closing in for bulls.

1a34deff-7d80-4c87-a773-100c1296bd66.pngBTC/USD 1-hour chart. Source: TradingView

$28,300 "last line of defence" for BTC price

Data from Cointelegraph Markets Pro and TradingView followed the BTC price as it greeted the last trading day of July with more sideways behavior.

Much like the weekend and the week prior, nothing seemed able to effect a major trend change, while a brief spurt above $29,500 after the weekly close provided the most interesting intraday event.

“BTC took out $29.5k last night, but so far bulls haven't been able to muster enough momentum to advance. All eyes are on the monthly close which could open the door to some volatility,” monitoring resource Material Indicators wrote in part of its latest analysis.

Uploading a snapshot of the BTC/USD order book on Binance, Material Indicators warned that $29,500 was becoming an increasingly popular trigger for sellers, and that bulls needed to overcome it next.

Nearby, the 50-day and 100-day moving averages (MAs) — at $29,450 and $28,460, respectively — formed key trend lines to the upside and downside.

3272103d-a857-4cc9-996a-3ac1ee16b64e.pngBTC/USD 1-day chart with 50, 100MA. Source: TradingView

“I've been saying for months that the market needs to print candles above the 100-Week MA for us to even consider a bull market breakout. We've yet to even test it, but bulls have managed to maintain the range for an extended period of time,” Material Indicators continued.

“Today is actually the 8th consecutive day of testing support at the 50-Day MA, and even though the 50-Day has held, resistance at $29.5k is replenishing. If bulls can't clear it, I expect a run at the lows with $28.3k as the last line of defense. The question for me is whether bitcoin will bounce from the $28s or extend to $25k and beyond. All of these moves are possible, the mystery is in what order and in what timeline they play out.”
0bf361be-22d3-4d40-8fad-cc6e6438815e.jpegBTC/USD order book data on Binance. Source: Material Indicators/Twitter

Elsewhere, popular trader and analyst Rekt Capital noted that on weekly timeframes, Bitcoin was channeling its behavior from early 2021, before its current cycle’s all-time highs.

For the first time since January 2021, #BTC is in the process of turning the black ~$29300 level into support in a new uptrend

This is history in the making$BTC #Crypto #Bitcoin pic.twitter.com/gECVTRRURj

— Rekt Capital (@rektcapital) July 31, 2023

“BTC is still at the ~$29250 level and acting as support going into the July Monthly Close,” additional analysis read.

“Last month, $BTC broke ~$29250 after months of this level acting as resistance. And this month BTC is in the process of retesting it into new support.”
f87db785-7f3b-4fbe-85e0-72d9be53de90.jpegBTC/USD annotated chart. Source: Rekt Capital/Twitter

Volumes plummet in flat trading landscape

A further 2021 comparison concerned on-chain transaction volumes.

Related: BTC price ‘fireworks’ after monthly close? 5 things to know in Bitcoin this week

As revealed by fellow trader Mikybull Crypto, volumes are at their lowest in over two years — something which for him suggests only one outcome will result.

The 7-day average of #Bitcoin spot trading volume has sunk to levels not seen since the start of 2021.#Bitcoin IV is also at its yearly lowest level.

This indicates massive incoming volatility that will skyrocket $BTC to a new level. pic.twitter.com/nmRCbrGbGb

— Mikybull Crypto (@MikybullCrypto) July 31, 2023

As Cointelegraph reported, various market participants expect a volatile breakout on BTC/USD after weeks of barely any movement.

Magazine: Experts want to give AI human ‘souls’ so they don’t kill us all

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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