Bitcoin | Fundamental and technical analysis for July.Hello;
1. There is a negative divergence on the RSI on the Bitcoin weekly chart.
2. There is a bearish shark harmonic pattern on the Bitcoin daily chart.
3. The fact that the FED skips the rate hike in June and all FED members approve the rate hike 3 times until the end of 2023 at each meeting means that the price of bitcoin will fall.
4. Now that June is over and there will be a FED meeting on the 26th of July, I predict that this month will be a bearish one.
5. The negative divergence in the technical view and the highest level of RSI in the daily chart support this.
6. When Bitcoin price reaches $21,750, I predict that it will touch the trend line I have drawn on the weekly chart.
7. It is not known whether a new uptrend starts after the trend line, but my predictions are in this direction at the moment.
8. I added the bearish shark harmonic pattern, which was formed after the last rise in prices on the Bitcoin daily chart, as an image on the weekly chart.
Good luck everyone.
