BitcoinUpdated Bitcoin has three options...
There's multiple realistic options that I can see happening but these two are what I'll be looking at. We bounce off the 22 EMA go for a retest of the short term top. We will see either a rejection (red) or bull break (yellow) with bulls targeting the meme number of 15k. From there it's anyone's guess as to what will happen. Personally, I feel a consolidation period coming within the next two months before the show really starts this fall/winter. The third option would be a bear break and from there I'd be monitoring volume.
Note
Looks like we are breaking through.Note
Correction: I meant bounce.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.