Bitcoin (BTC) Price Analysis: Bulls Attempt a Comeback as Inflows Hit Highest Level Since June 5

BTC has been in a sideways price action for months. The bears pulled the price below the range, but their failure to sustain the breakdown on July 8 shows that selling dries up at lower levels. That attracted buying from the aggressive bulls who aim to keep the price inside the range for some more time.

Bitcoin price analysis: BTC bounces off 20-day SMA, key levels to watch for further recovery or declineBoth moving averages are sloping up, and the RSI is near the midpoint, suggesting a minor advantage to the bulls.

If the price rises above the 20-day SMA ($0.17), the KAS/USDT pair is likely to pick up momentum and reach the overhead resistance at $0.20.

Both moving averages are flattening out, and the RSI is close to the 50 level, indicating a largely neutral setup.

If buyers sustain the price above $2,730, the MKR/USDT pair is likely to rise to $3,234, where the bears may pose a strong challenge.

On the downside, the bears will have to sink the price below the moving averages to trap the aggressive bulls, pulling the pair down to $2,000.

The rally on the 4-hour chart has pushed the RSI deep into the overbought territory, signaling that a pullback could be around the corner.

The pair is likely to find support in the $2,650 to $2,730 zone. If the price rebounds off this zone, the bulls will try to push the pair to $3,000.

Arweave price analysis: AR eyes key moving averages after bouncing off 14-day SAMA strong bounce from the lower support of the range could propel the pair to the 20-day SMA ($25).

The bounce off $22 has reached the 20-day SMA ($25), which is an important level to watch out for. If the price turns down sharply from the 20-day SMA, the bears will make another attempt to sink the AR/USDT pair below $22.

On the contrary, if buyers shove the price above the 20-day SMA, the pair could rally to the 50-day SMA ($31).

The 4-hour chart shows the pair is rising inside an ascending channel pattern. Both moving averages have started to turn up, and the RSI is in the positive territory, indicating that bulls have the edge.

The momentum is likely to pick up further if buyers kick the price above the channel, which may catapult the pair to $30.

The first sign of weakness will be a break and close below the 20-SMA. That may signal the pair could remain inside the channel for some more time.

Notcoin Protocol price analysis: NOT attempts to bounce off 20-day SMA, key levels to watchThe RSI near the midpoint suggests that the selling pressure is reducing. The NOT/USDT pair is likely to pick up momentum above $0.017 and rally toward $0.021.

If this level is crossed, the rally could extend to $0.03. Contrary to this assumption, if the price turns down and breaks below the 20-day SMA, it will signal that the bears remain in control.

The pair could then slump to the crucial support at $0.009.

The pair is trying to complete a double bottom pattern on the 4-hour chart, which will open the doors for a rally to $0.022.

If bears want to prevent the decline, they will have to yank and retain the price below the 50-SMA. If they do that, the pair may skid to $0.013 and eventually to $0.010.

Such a deep fall will invalidate the reversal pattern.

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