Back in the range - that bounce was way more bullish than may first appear. It has brought us back comfortably into a range. Staying down below £31k would have likely seen a continued sell of for coming weeks/months. It has been following analysis since the 17th almost perfectly so I am not really changing it long term.
It is looking like we will see a very strong July pressing back up to $40k/$42k. I am fully expecting to stay with in this range for at least another test - likely until August.
My sentiment is quite bullish coming out of the range though and once above $40k comfortably then we can be expecting a push towards $50k....all time high though, I am not confident unless some major news and adoption starts coming into play.
July will see German institutions coming into play - this is big.
We are not fully out of the woods but looking good for a road to recovery - potentially a good time to be buying dips adding to hanging trades now.
