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ChrisPtaco_32
Jul 17, 2021 9:57 PM

BTCUSD - Time to decide where it wants to go 

Bitcoin / U.S. dollarBitstamp

Description

Price action has been range bound since the crash in May.

Pretty simple. Get above 42k horizontal resistance and the resistance formed from the May crash, I think we see Bitcoin go to 150k-160K minimum. That is my base case for this bull cycle.

A close below the 28k-30k support, and I personally think it goes to 20k and we enter another accumulation phase. I doubt this will happen but you never know. I will be a buyer at those levels.

Good Luck!
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