There is Still Hope for Bitcoin Bulls
Welcome back traders. Bitcoin is showing some weakness today, but there is still hope. We seem to be seeing support from the 100MA at about $7,512 on the weekly. We really need to reclaim $7634.58, which was the first support we saw back in the beginning of June, when Bitcoin was first on its way up. Next, we would want to see BTC conquer its strongest Point Of Control at $7,970. If this happens swiftly, further swift increases would likely follow very soon thereafter. If RSI get back around 50, this would indicate a healthy bitcoin for the bulls. If we can't reclaim $7,634.58 and start putting out some green candles on the weekly, the bull season may be over. If we can reclaim and spike back up, I have some volume and trend levels in green for you. Good Luck traders!
Disclaimer: This is NOT financial advice! These are merely my opinions that I have posted for educational purposes ONLY. Trading comes with great risk, which should be managed carefully. You should never trade anything more than you are willing to lose. I hope you all kill it, but I am not responsible for any financial loss or damages. Thanks for reading!
Disclaimer: This is NOT financial advice! These are merely my opinions that I have posted for educational purposes ONLY. Trading comes with great risk, which should be managed carefully. You should never trade anything more than you are willing to lose. I hope you all kill it, but I am not responsible for any financial loss or damages. Thanks for reading!
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