Crab zone between is between 16.2k - 16.7k.
If price closes above - target June lows at 17.5k, and if that offers no hard resistance, if it flips into support, then the August highs of 25k is on the table.
If price closes below - Target 15.8k, and if that offers no support, then new lows are likely (10-14k)
If price closes above - target June lows at 17.5k, and if that offers no hard resistance, if it flips into support, then the August highs of 25k is on the table.
If price closes below - Target 15.8k, and if that offers no support, then new lows are likely (10-14k)
Comment:
The second scenario seems to be attaining.
BTC got back into the crab zone, found support there, and blasted up through the top of the crab zone. Next target is June lows.
BTC got back into the crab zone, found support there, and blasted up through the top of the crab zone. Next target is June lows.
Comment:
Above crab zone
Once again, the next target is 15.8k. If that falls, then new lows are likely.
If, on the other hand, BTC gets back into the crab zone and finds support there, then it will probably blast up through the top of the crab zone and hit June lows.