BTC Bitcoin Update - Steady As She Goes
Bitcoin has been remarkably bullish this year since establish our bear market low following the collapse of FTX.
We've been in a steady uptrend ever since, with a nice bout of expansion from January to March of this year.
Since then, we've essentially been range bound with a bullish hue.
Two weeks ago we made a new yearly high, and are currently consolidating at the upper boundary of the current range.
A pullback here is likely, I'm still holding my $20K September Puts, based on my Cycle Analysis.
However, traders need to watch for a break above resistance here at $32,000 for continuation to $36,000.
We've been in a steady uptrend ever since, with a nice bout of expansion from January to March of this year.
Since then, we've essentially been range bound with a bullish hue.
Two weeks ago we made a new yearly high, and are currently consolidating at the upper boundary of the current range.
A pullback here is likely, I'm still holding my $20K September Puts, based on my Cycle Analysis.
However, traders need to watch for a break above resistance here at $32,000 for continuation to $36,000.
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