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Top 5 cryptocurrencies to watch this week: BTC, ETH, BCH, AXS, EOS

Published 07/24/2022, 03:40 PM
Updated 07/25/2022, 06:00 PM
Top 5 cryptocurrencies to watch this week: BTC, ETH, BCH, AXS, EOS
BTC/USD
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The bulls are attempting to achieve a strong weekly close for Bitcoin (BTC), while the bears are attempting to regain their advantage. Analysts are closely watching the 200-week moving average, which is at $22,705, and BTC’s current setup suggests that a decisive move is imminent.

Many analysts expect a weekly close above the 200-week moving average (MA) to attract further buying, but a break below it could signal that bears are back in the game. Although the short-term picture looks uncertain, analyst Caleb Franzen said that Bitcoin has been in an accumulation zone since May.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
ETH/USDT daily chart. Source: TradingView
ETH/USDT 4-hour chart. Source: TradingView
BCH/USDT daily chart. Source: TradingView
BCH/USDT 4-hour chart. Source: TradingView
AXS/USDT daily chart. Source: TradingView
AXS/USDT 4-hour chart. Source: TradingView
EOS/USDT daily chart. Source: TradingView
EOS/USDT 4-hour chart. Source: TradingView

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