Bitcoin price analysis BTC/USD knocks at $7,800, on the verge of its largest bull run

I hope to bitcoin bull run started......

Hey everybody. This is Andrew Strogoff and we are going to make a brief review of what is happening with the crypto market today. The whole top 20 is green, but the gains are small. There was a correction as I have expected on Friday, but it was even deeper than predicted. Currently, cryptocurrencies seem to be preparing for a bullish run.

As for the news, there is still nothing to influence prices significantly. However, I want you to pay attention to some interesting facts. You probably know that India has recently banned cryptocurrencies. The local cryptocurrency community has turned to the court in order to solve the issue. Hearings were planned for summer, but they were postponed according to the latest news.

Another interesting event comes from Italy. One of the universities in this country is going to issue degrees on Ethereum Blockchain. This news is important for the community as this is one of the first steps to adopt the technology in this country.

Bitcoin (BTC/USD) ready to develop the uptrend, price analysis, July 23
Bitcoin has small gains on Monday as the currency pair has added around three percent. However, I think that the most interesting is on the way as BTC/USD is close to my targets again. The currency pair has reached them on Friday already but retreated. I think that Bitcoin is ready to develop the uptrend.

Bitcoin has reached the resistance area at $7,734 on Friday, but as I have already mentioned, bulls were unable to develop their progress. BTC price retreated to the support area at $7,341 and then went upwards to $7,565.