Bitcoin: Weekly Forecast 18th July 2021
Bitcoin broke out of yet another consolidation as selling pressure builds up with no buying in sight.
The price has been consolidating since it reaches a low of 30000, and there's been multiple retest and rebound but none could gather any buying momentum.
This week, we expect Bitcoin to continue trending down and will be waiting for a pullback towards 33000 to sell.
We expect a retest of the low beyond 30000, inclusive of a possibility to break new low again.
The price has been consolidating since it reaches a low of 30000, and there's been multiple retest and rebound but none could gather any buying momentum.
This week, we expect Bitcoin to continue trending down and will be waiting for a pullback towards 33000 to sell.
We expect a retest of the low beyond 30000, inclusive of a possibility to break new low again.
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