Summary
- On-chain analytics firm Nansen said Bitcoin could retest the $52,000-$58,000 range.
- Nansen said this week's U.S. Federal Reserve (Fed) policy decision and Strategy's second-quarter earnings report could be key catalysts for Bitcoin's next move.
- Bitcoin (BTC) was trading at $64,646.01 on Binance's Tether (USDT) market, down 0.19% from a day earlier.
Forecast Trend Report by Period
Bitcoin fell 0.2% on July 27, and on-chain analytics firm Nansen said the market has yet to confirm a firm bottom, raising the risk of a retest of the $52,000 to $58,000 range, Walter Bloomberg reported.
Nansen said this week's U.S. Federal Reserve policy decision and Strategy's second-quarter earnings report could serve as key catalysts for Bitcoin's next move.
Bitcoin was trading at $64,646.01 as of 12:31 a.m. on July 28 on Binance's Tether (USDT) market, down 0.19% from a day earlier.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.