Positional struggle on the Bitcoin price. Buyers' turn to attack
Updated
During this week, sellers tried to push the BTC price below 30k at least 3-4 times.
But, as you can see on the chart, all attempts failed and the Bitcoin price bounced up within the $30-31k consolidation.
It was the buyer's turn to strike back and test the strength of the sellers.
The most difficult task is "first strike" and trying to break above $31400.
If buyers manage to fix the BTCUSD price above consolidation, then further growth should be easier.
Targets are $32650, $33600, $34550.
Buyers have a good chance to "nice close" both the weekly and monthly candlesticks in a few days.
The critical point is below $29500-30000, where a large number of stop orders are hidden, and if sellers manage to bring the BTCUSDT price down there, it will be a matter of hours before it drops to $28000.
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But, as you can see on the chart, all attempts failed and the Bitcoin price bounced up within the $30-31k consolidation.
It was the buyer's turn to strike back and test the strength of the sellers.
The most difficult task is "first strike" and trying to break above $31400.
If buyers manage to fix the BTCUSD price above consolidation, then further growth should be easier.
Targets are $32650, $33600, $34550.
Buyers have a good chance to "nice close" both the weekly and monthly candlesticks in a few days.
The critical point is below $29500-30000, where a large number of stop orders are hidden, and if sellers manage to bring the BTCUSDT price down there, it will be a matter of hours before it drops to $28000.
_____________________
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Note
The buyers did well to take advantage of the window of opportunity and launch an upward attack.At night, we didn't have enough strength to update the high, but it's not over yet.
Today is the end of the month, and if you look at the table of %% changes in the BTC price, June 2023 and the whole of 2023 have every chance to restore faith in the crypto market.
Note
If we look at the global chart, the BTCUSDT price is moving quite well in the green fractal
Note
The total capitalization of the crypto market, also moves according to the fractal.And we described what can happen at certain stages of this graph in the idea, so if you are interested, we invite you to read it:
Note
Yesterday, on another FUD from the SEC regarding BTC ETFs, sellers tried to break through and gain a foothold below the important 30k level. But, fortunately for the crypto community, sellers has already suffered 4 consecutive defeats."Someone" is now firmly protecting the 30k level from a sharp failure and leaves a chance for continued growth.
In June 2023, the BTCUSDT price grew by +11.98%, and at the end of the month, some altcoins finally began to show rapid growth.
We hope that July will be at least as good) We wish everyone a profitable trade
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🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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