#Bitcoin 4-hour cloud resistance to daily cloud support $BTC

The daily Ichimoku cloud is the mean to which the price of bitcoin will likely return, either through a near term price drop or through time if the price were to stay in this range through the first week of July.

If there were to be an edge to edge move on the daily cloud I would expect to see the price go at least as low as $5600.

If the daily cloud support holds, it is possible that the price could simply bounce off of primary and secondary cloud support all the way to new all-time highs.

Comment:

There continues to be resistance along the Senkou span B line. This line has now gone horizontal.

A 4-hour candle close above $8280 would be a good indication that the next target would be $8600. A break above $8800 would likely mean a target of $9500 to $9600.

Below $8050 I would expect the downtrend to resume.