PistonHonda

Bitcoin Market Update 27/07/2021

BYBIT:BTCUSD   Bitcoin / U.S. Dollar
Todays bar is penetrating yesterdays supply wick. A close that matches the supply wick of yesterdays up bar would be another bullish signal and suggest absorption of supply is happening on the way up.

A pull back is expected in the form as an LPS . Could Bitcoin possibly over shoot resistance and consolidate above? Or will we see a tame pull back to consolidate here before having another assault on that 40K region?

Let the market decide, no predictions...