To confirm this new life it shouldn´t fall back into it.
If BTC continues its new trend, then we have seen the low at 5.755$ - and this low could also be the endpoint of a long correction cycle.
The dayly candle from june 29 is enclosing that form the day before - that´s a sign and is confirming the new trend ( ).
The above mentioned in mind I expect BTC to start a new rally and this should lead to following levels:
Level 1: a swing at about 7.370$
Level 2: the upper limit of the bigger negative trend channel - crossing with another swing at 7.960$
Each level can be a turning point - in EW: 3 / 5 motive waves; we´re actually in motive wave 1 - in between (2 / 4) two corrective waves.
and are also confirming some better days.