Trying not to sound overly bearish. But I am still bearish until Bitcoin breaks above 52k. The rising wedge looks oh so similar to the rise to the ATH earlier in the year. Greed is extreme, and a lot of attention going to alt coins......
We shall see what the next week holds
200 day moving average was always going to be the main resistance level. If it doesnt break above I can see BTC getting a well deserved rest.
Fib shows possible consolidation in my golden box, where you will also find 50 and 100 day averages.
If BTC breaks above this, Id expect a large rise in price.
Eth is looking to have a rest before a possible climb. If it drops below the retracement level gold box, a fake out is confirmed and back we go downward. However I believe a rise above £3k is possible for ETH in the coming days.
This is my view only and not to be taken as financial advice.
Well here’s my thoughts. You can see that BTC is continuing a downwards trend highlighted by the purple trend lines. It’s tried to break out once to no avail. BTC needs to find a bottom before it breaks out upward. I estimate the first week in July as the make or break time zone. If there is no breakout before then I believe BTC will drop to levels before the bull...