CryptoComes

Bitcoin (BTC/USD) ready to fly or not?

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
As far as you may be know, I’m bullish for the whole July. I believe that the cryptos are going to grow in the nearest future to establish new highs. And if we look at Bitcoin’s chart, we can see that it is looking promising currently as the price slightly goes upwards, meaning the beginning of the correction.

Bitcoin has tested the support area at $7,565 on Wednesday and retreated from there. The price went towards the next resistance area at $7,734 later and almost reached my Wednesday’s targets. I could say that everything is going according to my plans, but there is one thing that makes me a bit nervous.
I see the bearish flag on 4H BTC /USD chart. If this pattern is vital, the price is likely to develop its decline towards the next support area at $7,341 at least.
As for my targets, I set them at the resistance area at $7,949. I believe the price is going to reach them (in case of the bullish scenario) within a couple of days.

Check the full crypto analysis HERE>>>.

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