These two crypto analysts failed to make accurate predictions for the crypto market in July, particularly regarding the Bitcoin (BTC) price.

It can be difficult to time or predict the correct movements in the market; even some of the best in the business get it wrong. BeInCrypto looks at crypto analysts who were unfortunately incorrect in their analysis of Bitcoin in July.

Sweep of Range Lows Does Not Lead to a BTC Price Increase

On July 18, well-known cryptocurrency trader @Tradermayne tweeted a BTC price chart that shows a sweep of the range lows that had been in place since June 14. Previously, a sweep of the range lows combined with a reclaim led to a significant movement in the other direction and numerous touches of the range high at $31,000.

More specifically, it led to a new yearly high of $31,800 on July 13.

Tradermayne noted that an increase to the range’s midline or even the top of the range could occur as a result of this sweep (green icon).

However, this was not t

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Author: Valdrin Tahiri

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