So to me this chart is a clear example of price manipulation. It looks like BTC reversed from bearish to bullish across most market participants June 24th. Price has been making a slow wedge up except for the 29th when CME futures contracts expired. It was a perfect push down for the close of the trading day to close out short contracts that opened back in december. Then followed by a strong rally back up into the wedge by the end of the day. In my mind we will continue in this wedge until a breakout that will most likely be up. As long as we stay above 6500 for the next day or so i think we'll continue this rally all the way back up to 10k in the mid term.
Comment
⋅
Sorry forgot the main point i wanted to draw attention to lol. The rectangle on the left is when we hit ATL for this year and the rectangle on the right is june 29th.