3 different bitcoin price action predictions for the month of July. Both the bullish(green arrows) and neutral(blue arrows) scenario brings the price towards 14.5k area, while the bearish scenario will see bitcoin price correct deeper down to 7.4k region.
Comment:
Timeframe isnt meant to be accurate, the two green up and down arrow shows consolidation between the 10900-11900 price range before breaking up or down.
Comment:
The correction from the 13000 area was very strong, we need to break above 12500 and hold it wihin the next 3 days for the bullish scenario to continue playing out
Comment:
After a month we can see the bearish scenario is playing out even though it started out bullish, but the fact that on the 14th of July we didnt break above and hold 12500, we switched to the other 2 scenarios over the last month. The bearish scenario resistance and support levels played out quite nicely, even though the time frame is off.