EN

Crypto Prices Drop To Major Support Line [Pay Attention Now]

#Cryptocurrency
2025-08-07 21:218 min read

Content Introduction
Ask Questions

The crypto market is currently experiencing a downturn, with Bitcoin retesting its 20-day EMA (Exponential Moving Average). A large sale of Bitcoin by Galaxy Digital has contributed to market jitters. However, the speaker advises viewers not to panic, viewing this as a redistribution of old coins to new hands. Positive factors include MicroStrategy increasing its Bitcoin offer and new companies announcing Bitcoin treasuries. Despite the downtrend, altcoins are holding up well and $M2 money supply continues to show an rising liquidity in the economy. There are rumors that China is shifting into Bitcoin. The speaker advises viewing the 20-day EMA as a buying opportuntity but that a failure could invalidate those bullish oppourtunities.

Key Information

  • Crypto markets are currently experiencing a downturn, but the speaker advises against panicking over the 20-day EMA retest.
  • Galaxy Digital has been selling Bitcoin, contributing to market uncertainty.
  • Strategy has increased its offer again $2.8 8 billion to buy more Bitcoin.
  • Despite the sell pressure, companies like MicroStrategy are continuing to invest heavily in Bitcoin.
  • A new Japanese company has recently announced a Bitcoin treasury, joining a growing trend.
  • The speaker highlights that buy pressure is substantial, with companies announcing Bitcoin treasuries.
  • The speaker points out that the current retracement is a retest of the 20-day EMA, a common occurrence in an uptrend.
  • The speaker observes that ETH has held up strongly during the recent Bitcoin selloff, while Solana and other altcoins are retesting their 20-day EMAs offering potential buying opportunities.

Timeline Analysis

Content Keywords

Bitcoin Market Dump

Bitcoin markets are experiencing a downturn, possibly due to Galaxy Digital selling off a significant amount of Bitcoin. Despite this, the overall sentiment remains positive with companies like MicroStrategy increasing their Bitcoin holdings. Experts suggest that this could be a redistribution of old coins into new hands rather than a cause for alarm.

Bit Unix

Bit Unix is an exchange that allows users to long the rips and short the dips with deep liquidity in major coins. It provides cash back and trading bonuses. It is available to anyone, anywhere.

Altcoin Analysis

Altcoins are showing resilience despite Bitcoin's fluctuations, indicating strong market appetite. Dogecoin, for example, is undergoing a 20-day EMA retest, which is considered a normal and healthy part of a market cycle. Traders are advised to anticipate these pullbacks and avoid longing into resistance.

Market Trends & Predictions

The USM2 money supply has surged, indicating continued liquidity in the system, which is expected to lift all boats. China's potential re-entry into the crypto market is viewed as a significant development. ETH is performing strongly, while Solana and XRP are undergoing 20-day EMA retests. Traders should avoid being shaken out by volatility and focus on retest strategies.

Related questions&answers

Why are crypto markets dumping today?

Apparently, 80,000 Bitcoin sent to Galaxy Digital has started moving, and Galaxy Digital has been selling that Bitcoin, spooking the market. $1.18 billion of Bitcoin has been sold so far, leading to sell pressure.

What is the significance of the 20-day EMA retest?

The market is currently retesting the 20-day EMA. Ideally, bulls will step in and push the price back up to around $116,000. In a bull market, 20-day EMA retests are normal and healthy, and can occur multiple times.

What is MicroStrategy doing?

MicroStrategy just increased its offer to $2.88 billion to buy more Bitcoin. At current prices, this would be about 20,000 bitcoins.

Are we at peak treasury company?

No, according to Matt Hougan, COI of Bitwise, anyone who thinks we're at peak treasury company is wrong. There have been many new companies announcing Bitcoin treasuries recently.

What can you tell me about the MACD?

The MACD is trending down, indicating a slowdown of momentum. This could lead to consolidation before the next major move higher, or a drop to the 50-day EMA at $110-$111,000

Is there any news about China and crypto?

Yes, a Hong Kong ETF issuer confirms China is actually looking to shift into Bitcoin and crypto, which is considered a huge development.

What's the sentiment on altcoins?

Chris, says alts are hardly breaking a sweat on the current Bitcoin flush, which suggests there's little fear and a lot of appetite in the market.

What is the current status of DogeCoin, ETH and Salana?

DogeCoin : a 28-day EMA test in process. $26 down to $175. ETH has actually held up super strong. Super strong during the selloff. ETH has barely budged. Not even getting a /28 day retest here on ETH. Salana though. And of course, a retest of the previous uh line of resistance.

More video recommendations

Share to: