The whales heavy selling ranged from $11K to $13K beginning around June 25th through July 10th. BTC has entered a micro bearish trend to reload for another massive leg up over the coming months. I expect significant volatility and accumulation between the lines and around the support area. A reassessment is in order when we get closer to $9K.
Comment:
There is a probability we will see a retest of the upper area of resistance before heading towards the blue support area.
Comment:
Playing out nicely! The whales may take control of the bots and drive the price up to the $10,950 ish range. Good Luck!
Comment:
I can see a short retrace here to $10,250 ish area then a bounce.