Connect with us


Bitcoin (BTC) Perpetual Contract Price Analysis: July 13

Avatar Of Rajesh Khanna



Bitcoin (Btc) Perpetual Contract Price Analysis: July 13
  • On July 13, the bullish BTC price analysis is at  $20122
  • BTC’s bearish market price analysis for July 13, 2022, is $18488.
  • Bitcoin’s MA shows a downward trend.

In Bitcoin Perpetual Future (BTC) price analysis on July 13, 2022, we use price patterns, and the Moving Average of BTC to analyze the future movement of the cryptocurrency. 

A perpetual contract is similar to a futures contract, which allows a person to buy or sell an asset at a predetermined date for a specified price. Perpetual contracts are gaining popularity in crypto because they allow traders to hold leveraged positions without the burden of an expiration date. 

Bitcoin (BTC)

Cryptocurrency giant Bitcoin (BTC) operates free of any central control or the oversight of banks or governments. Instead, it relies on peer-to-peer software and cryptography. A public ledger records all Bitcoin transactions and copies are held on servers worldwide. Every transaction is publicly broadcast to the network and shared from node to node. Every ten minutes or so these transactions are collected together by miners into a group called a block and added permanently to the blockchain. 

Bitcoin can be exchanged for cash just like any asset. There are numerous cryptocurrency exchanges online where people can do this but transactions can also be carried out in person or over any communications platform, allowing even small businesses to accept Bitcoin. 

When Bitcoin was first launched it was possible almost instantaneously to mine a coin using even a basic computer. Miners also choose which transactions to bundle into a block, so fees of varying amounts are added by the sender as an incentive. 

Bitcoin (BTC) Price Analysis

BTC price analysis on July 13 2022, is explained below with an hourly time frame.

BTC/USDT Descending Channel Pattern (Source: Tradingview)

Descending channel patterns are short-term bearish in that stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices, but only after an upside penetration of the upper trend line. The stock will continue channeling downward until it is able to break either the upper or lower trend line. An upside break is bullish, while a downside break is bearish. 

Descending channels are useful due to their ability to predict overall changes in trends. As long as prices remain within the descending channel. the downward trend in price can be expected to continue.

Currently, the price of BTC is $19496.14. If the pattern continues, the price of BTC might reach the resistance level of $20722 and the buy level of BTC is $20158. If the trend reverses, then the price of BTC may fall to $18848, and the sell level of BTC is $19520.

Bitcoin (BTC) Moving Average

The BTC’s Moving Average (MA) is shown in the chart below. 

Currently, BTC is in a bearish state. Moreover, BTC’s price completely lies below 50 MA (short-term), and also lies below 200 MA. Possibly, BTC can also move above 200 MA (long-term) soon. Once it moves above 50 MA and 200 MA levels, it completely goes to a bullish state. Moreover, there is a high possibility of a Trend reversal.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.



TA: Top 5 Crypto You Should Watch This Week

Avatar Of Rajesh Khanna



Ta: Top 5 Crypto You Should Watch This Week

Top 5 Crypto You Should Watch This Week, with many crypto altcoins producing price gains of two or more digits.

The recovery has sparked the excitement and belief that the bottom could be in for many crypto assets with the hope of a bull run in a short time. Let us discuss the top 5 crypto assets you should watch this week. 

Disclaimer: The picks listed in this article should not be taken as investment advice. Always do your research and never invest more than what you can afford to lose.

Bitcoin (BTC) Price Analysis As A Top 5 Crypto

BTC Price Analysis On | Source: BTCUSDT On

From the chart, the price of BTC has continued to show bullish strength after retesting the price of $25,200 and was rejected from that region.

BTC is currently trading at $24,170 at the point of writing this article. The price of BTC is in a rising wedge; a breakout above the wedge could see the price of BTC going to the region of $27,000 – $28,500.

A breakout below this rising wedge could see the price of BTC retesting the support region of $21,400.

Price Analysis Of Ethereum (ETH) On The Daily (1D) Chart

1660570704 81 Ta Top 5 Crypto You Should Watch This Week
ETH Daily Price Chart | Source On

The price of Ethereum has outperformed BTC in the past few days after showing bullish strength to a region of $2,000.

ETH price was rejected from $2,000 with what seems to be a resistance for ETH price to trend higher. 

The price of ETH is trading above the 50 Exponential Moving Average (EMA) at $1,886 at the point of writing. 

If the ETH price maintains its bullish structure, we could see the price breaking $2,000 to a region of $2,500, but If ETH gets rejected, the price of $1,622 corresponds to the 50 EMA, which would be good support for the ETH price.

Price Analysis Of Binance Coin (BNB) On The Daily (1D) Chart

1660570704 227 Ta Top 5 Crypto You Should Watch This Week
BNB Daily Price Chart | Source On

The price of BNB was rejected from its resistance of $327 and is currently trading at $316.

BNB has maintained its bullish structure despite the rejection. A break of about $327 could see the price of BNB retesting the region of $388.

If the price of BNB gets rejected, the price of $286 that corresponds to the 50 EMA will act as a support.

Price Analysis Of Sand Box (SAND) On The Daily (1D) Chart

1660570704 448 Ta Top 5 Crypto You Should Watch This Week
SAND Daily Price Chart | Source On

The price of SAND has continued to struggle above $1.3 support which corresponds to the 50 EMA; a break below this region could see the price of SAND retesting $1.18.

If the price of SAND breaks above the resistance of $1.4, we could see the price trending higher to a region of $2.

STEPN (GMT) Price Analysis As A Top 5 Crypto

1660570704 830 Ta Top 5 Crypto You Should Watch This Week
GMT Daily Price Chart | Source On

GMT has formed a bullish wedge as prices continue to range and bullish strength ahead of a breakout. A breakout to the upside could see the price of GMT trending to a region of $1.5.

The trendline on the daily chart for GMT price acts as support.

Featured image from Cryptimi, Charts from
Continue Reading


How Blockchain is Disrupting Secure Messaging

Avatar Of Rajesh Khanna



How Blockchain Is Disrupting Secure Messaging

Blockchain is evolving into a new foundation for the internet. What began as a closed web is transitioning into an open source system driven by decentralized systems. Every sector is now adopting this technology to better serve its customers. Social communication, in particular, is seeing a lot of promise from blockchain solutions. Popular messaging apps like Instagram and Meta have joined the Web3 bandwagon, offering blockchain solutions like cryptocurrencies, and NFTs.

On the other hand, a wave of new blockchain-based messaging apps are emerging with innovative solutions. Security, privacy, secured micro-payments, and enhanced user experience are some of the key offerings of these upcoming projects. Blockchain is opening doors to unexplored trillion-dollar opportunities in the communication sector. This technology’s permissionless, trustless, and open-source nature promises to eliminate legacy problems that have plagued the messaging application.

The Current Messaging Landscape

The majority of today’s communication happens through social media applications. With almost 2 billion users, WhatsApp tops the list, followed by Messenger (Meta) and Wechat, which have 1.3 billion and 1.2 billion users, respectively. Internet penetration, easy accessibility, and smartphone penetration have significantly contributed to this massive growth. Platforms now provide unified channels of communication combining features like micropayments and media transfer.

Despite these rapid developments, a few critical issues have been ignored. Privacy and security have been the major concerns for users.  The majority of existing messaging applications have poor security measures. WhatsApp, for example, brags about its end-to-end messaging encryption technology. But, it can be easily bypassed if the user backs up their data to a cloud server.

Another major concern has been user privacy. Many social media companies have been accused of gathering user data without their consent and then utilizing it to target advertisements. Facebook–Cambridge Analytica data scandal is one of the greatest examples of this. Cambridge Analytica, a British consulting business, gathered personal data from millions of Facebook users without their consent in 2010 that was then used for political advertising.

Furthermore, censorship has been a source of concern for users. People who oppose a certain viewpoint, whether political or anti-company, have had their accounts banned. Ultimately, platforms have become more business-focused than user-focused, which is precisely what blockchain intends to solve.

Prioritizing Security and Privacy with Blockchain

Blockchain technology promises to overcome the majority of the current messaging problems. The first is by providing a secure infrastructure for platforms. Everything on the blockchain is encrypted and the data stored on it cannot be altered. Moreover, it employs complex consensus mechanisms that guarantee hack-proof systems. Users need not worry about their account getting accessed by any third party.

Another key benefit of the technology is the ability to maintain privacy. The majority of user interaction on the blockchain occurs through Web3 wallets, which are non-custodial and totally anonymous. Even crypto transactions on the blockchain are anonymous and permissionless. Anyone can transmit any amount of funds to any region of the world without fear of central authority. Moreover, crypto payments eliminate fiat limitations by providing borderless transactions, low fees, and blockchain validation.

This is not merely theoretical. In fact, new projects are already providing blockchain-based communication services. TokLok is one such blockchain-based messenger that enables individuals and businesses to communicate in a convenient and secure manner. Its non-public messenger lets users choose who they want to interact with.

The app also provides message encryption, with the content being removed from the system once the user has read it. Furthermore, no information about users or their correspondence is collected or stored by the application. The ecosystem is powered by its native $TOL utility token, which gives lifelong access to the app as well as other benefits.

Laying the Groundwork for a Safer Future

The emergence of blockchain has been a boon to numerous businesses, including the messaging industry. The technology promises to overcome all of the existing issues with social media in an efficient and cost-effective manner. While security and privacy are the primary advantages, it also improves user experience. Platforms like TokLok, which provide decentralized communication services, are already laying the framework for the future of communication. Blockchain is the new internet revolution transforming users into owners.



Continue Reading


Ethereum Fork (EthereumPoW) Proposed Amid the Merge Slated Next Month

Avatar Of Rajesh Khanna



Ethereum Fork (Ethereumpow) Proposed Amid The Merge Slated Next Month

Ethereum fork supporters are getting ready to scrap the crucial EIP-1559. An Ethereum miner has written an open message to the community after receiving support from many industry heavyweights.

Towards the end of the transition towards proof-of-stake (PoS), the Twitter account of the proposed chain-split fork, EthereumPoW, claimed that the formerly “almighty” Ethereum Foundation had given up on “decentralization” as one of its aims.

In a lengthy discussion, backers of the Ethereum fork argued that the Ethereum Foundation was trying to use EIP-1559 to promote a favorable theme at the cost of the miners. They said the “elites” were silencing the miners while in reality, the working class is a political force that should possess some political power and influence for the sake of a more representative government. They further claimed that miners were pressured into participating.

The EthereumPoW group, who call themselves truly decentralized, has guaranteed that the new token will not be pre-mined and that there will be no inflation. The group will continue to prioritize protecting Proof-of-Work and the Nakamoto Consensus process.

In an interview with Bloomberg, Chandler Guo, a renowned Chinese miner, said that numerous Ethereum mining manufacturing businesses had come out to him to begin forking endeavors. Soon after the controversial founder of Tron, Justin Sun, backed the idea of a hard fork, it acquired widespread support.

Although Guo is the driving force behind the proposed fork, it has also received backing from BitMEX, a derivatives platform that just released a futures contract that would allow speculators to trade leveraged ETHPOW.

Circle, another stablecoin platform, has declared its complete support for Ethereum’s POS chain transition. Competitor Tether likewise announced its readiness to support Ethereum’s new blockchain upon its release. However, Chainlink has said explicitly that it would no longer accept Ethereum forks after the planned Merge on September 19th.

The largest cryptocurrency exchange in terms of trading volume, Binance, has said that it would not completely rule out supporting the next contentious fork of Ethereum, ETHPoW.

The “merge” is a protocol update that will occur on or around September 19 and will finalize Ethereum’s upgrading to a proof-of-stake consensus mechanism, and the exchange has declared that it will support the upgrade.

The corporation did, however, mention that it may back “merge resistors” who want to keep using proof of work and launch their own separate network and cryptocurrency. Binance said in a statement released Wednesday that “in case of new forked tokens, Binance will evaluate the support for distribution and withdrawal of the forked tokens.”

Continue Reading


Litecoin Breezes Past $64 Level As LTC Picks Up Speed

Avatar Of Rajesh Khanna




Litecoin (LTC) price shows an extremely bullish trajectory as it aims to breach the $64.02 mark.

  • Litecoin immensely bullish as it targets to breach the $64.02 mark.
  • Support spotted at the $60.87 level.
  • Price facing hurdles at the $64.32 zone.

On the other hand, LTC is facing hurdles at $64.32 as the bulls’ strong upheaval waned a bit. LTC’s price was at $60.87 early today and has even managed to reach a high of $64.32 with the bulls trying to nudge the prices higher.

LTC price has seen a tremendous boost of more than 3.47% as seen overnight and currently trades along the $64 range. Trading volume has also spiked to as much as $404 million in a 24-hour timeframe.

According to CoinMarketCap, LTC is up by 0.49% and currently trading at $64.38 as of this writing.

Litecoin New Target: $70

On a 4-hour timeframe, LTC price is looking very bullish and registering higher highs and higher lows. More so, LTC was able to break past the channel that it was stuck within the past week. Such breach hints at an optimistic market response and development intensifying the dominance of the bulls.

The LTC/USD pair currently trades above the 50 SMA and also the 200 SMA, indicating that the bulls are now on top of the market.

RSI for Litecoin is spotted at 63.83, implying that the market is sliced in between the overbought and oversold territory. More so, LTC’s MACD is extremely bullish indicating that the bulls are in control of the market as of press time.

LTC price shows that the bullish fervor is still strong in the market and can uptick in the coming days. LTC was able to breeze past the $64.02 and now the $64.32 mark which opens up the next target level set at $70.

On the other hand, the support zone is now spotted at $60.87, and if the bears can push the price below this zone, then that could potentially favor a massive sell-off.

LTC To Enjoy Continuous Steady Pace

LTC price analysis shows that the coin is enjoying an upward and bullish momentum with so much wiggle room for positive market sentiment and activities. More so, the 24-hour chart also shows that the market is also generating more gains. 

Now, investors should keep an eye on buying when there are tiny dips in the market because the LTC price is set to go higher in the coming days.

TRON total market cap at $4.35 billion on the daily chart | Source:

Featured image from AMBCrypto, Chart from
Continue Reading


Report Shows Crypto Assets Record Steady Growth As Inflation Lowers

Avatar Of Rajesh Khanna



Report Shows Crypto Assets Record Steady Growth As Inflation Lowers

The United States’ newest release on its inflation rate for July has created a celebration reason for many, especially the crypto sector. According to the Department of Labor publication, the July customer price index (CPI) report dipped to 8.5%. This was against its last year’s value of 9.1%.

With the report’s release, many people have expressed their recommendations for the Biden Administration and their shock. Some confessed that they have expected to see a spike in inflation due to some of the prevailing factors at the moment. They mentioned that the ongoing Ukraine-Russia war and price increase in goods were expected to play a role.

US President Joe Biden has reacted to the great news of the CPI report. Commenting from the White House, he maintained that the news shows that the economy ran with zero percent inflation for July.

President Biden further mentioned that their approach to controlling inflation yields positive results. Hence, he encouraged Congress to pass the inflation Reduction Act. This will help to build an economy that would reward hard work.

In the past six months, the US reported a negative GDP value for the two quarters of the year. Inflation also rose within the period, as indicated by the high-priced economy.

The report pointed out the monthly energy cost reduction that hit 4.6%. The value contradicts that of 2021, which gave a climbing curve to be at 32.9%. On the part of food expenses, there is a continuous uptrend.

The report recorded an 11% increase for July and a 10.9% rise on a year-over-year basis. Pundits reported that this value stands as the highest surge since May 1979.

Cryptocurrency market trends downwards | Source: Crypto Total Market Cap on

Gasoline prices dipped by 7.7% monthly to give drivers a little aid. However, it remained higher than the value for 2021 by 44%.

Crypto Market Followed An Uptrend

In a new development, the crypto market is making positive progress in price and value. However, the crypto space has been in shamble due to the impact of the crypto winter and other combining factors.

In addition, the geopolitical climate and macro influences had been quite unfavorable. As a result, bitcoin and most major crypto assets experienced drastic price drops over the first half of 2022.

While expecting the CPI July report, many cryptocurrencies dropped on August 9. On its part, BTC plummeted by 4% to trade at $23,100. This sudden downward move was after it hit the $24,000 level as of Monday. For Ethereum, the drop went below 5%.

But the market prices are making a bounce with most assets moving uptrend. For example, while Bitcoin has climbed above $24,200, Ethereum is increasing slightly beneath $1,900 at the time of writing.

Featured image from Phemex, Chart from
Continue Reading


Ethereum (ETH) Price Rallies in Anticipation of Upcoming Merge

Avatar Of Rajesh Khanna



Ethereum Classic Price Rallies Than Ethereum