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Market Analysis

Is NOW the time to buy or sell? | July 6th

Updated: Aug 31, 2024
Published: Jul 6, 2023
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We’re slowly but surely approaching a big move in the crypto market. Whether that’s up or down remains to be seen, but we can sense a bullish move. 😉

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There are obstacles in our path which might make you question whether this is the time to buy or sell. If that’s you, then you’ve come to the right place.

Let’s dive into prices.

TLDR 📃

  • Bitcoin is still battling resistance. However, the chances of breaking past are real, so buckle up!
  • There's always been a smarter alternative to trading, and we’re sharing it with you. 
  • ETH is slowly approaching $2,000, which is a major resistance level - sellers will be waiting.
  • The Total Market Cap slightly broke above resistance at $1.18T for us to get a more decisive confirmation that an upside will follow.

Total market cap

The Total Market Cap (TOTAL) index represents the entire cryptocurrency market. We track this index to understand the overall market and predict where it will go next.

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Altcoins market cap

The Altcoins Market Cap (ALTS) index represents the entire valuation of the altcoins market: all coins other than BTC.

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Ethereum | ETH

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Binance | BNB

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Ripple | XRP

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Cardano | ADA

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Dogecoin | DOGE

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TRON | TRX

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Solana | SOL

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Litecoin | LTC

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Polkadot | DOT

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Bitcoin | BTC

Can Bitcoin break resistance and go higher?

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We still have our eyes glued to $32,000. This price point is a crucial level, which will determine whether BTC can reach higher prices, such as $35,000 or even $40,000. This upswing is only validated if BTC closes a weekly candle above $32,000, so let’s wait patiently for that to happen.

But hey, let's take a moment to ponder something: Is short-term trading really the best choice for you?

Here's where we step in and let you in on a little secret: there's always been a smarter alternative - dollar-cost averaging, or DCA for short. With DCA, you buy a token regularly, whether daily, weekly, or monthly.

The best part about dollar-cost averaging is that it saves you from the rollercoaster of stress caused by short-term price fluctuations. Plus, statistically speaking, it might even increase your chances of turning a profit in the long run.

To us, it's like having a cheat code in the world of crypto investing, and we highly recommend it to anyone eager to jump into investing right away.

Cryptonary’s take 🧠

Despite the overall bullish sentiment we share with the rest of the market, we must acknowledge that Bitcoin is still facing resistance. There’s a good chance of it breaking to the upside, but we can’t ignore the possibility that BTC might find a top inside this region.

That’s probably a good sign for you not to turn into James Bond from Casino Royale and go all-in just to put on a good show for yourself. Let’s be patient, do our usual DCA (dollar-cost average), and wait for the market to be in a better position for risking-on.

Action points 📝

  1. Bitcoin will likely continue to be in the spotlight, with its dominance still on the rise.
  2. Altcoins won't outperform in the coming weeks, but there will be some exceptions. You can find out all about those by subscribing to Cryptonary Pro. 😎
  3. Experienced or not, a DCA approach is your best move.
  4. Got questions? Hit us up on Discord in the “🌎 general” channel. We’re happy to help.

As always, thanks for reading.🙏

Cryptonary, out!


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Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

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