Many altcoin including ETH already form a deadcross of MA 10 and 20.
BTC are still standstill and uptrend are still valid.
However, there's high chance to form a M chart pattern.
forming a M shape of the trend.
Predict one week will finish the shape and dip.
Based on the technical chart of Bitcoin, it almost breakout of the triangle pattern, I believe this month will be the month to decide whether it will soars or dig, choose the correct direction and pathway. I believe it will goes back to last year end glory.
let's see how's the chart goes.
Bitcoin recently bullish and come to previous resistance area.
Predicted will remain bullish till 4th of August based on time space.
short term support at 7,800 and 7,600.
currently bitcoin rebound at the support line, resistance will be at 7,800.
will it break the resistance or move within the box.
what I think current trend is short term, buy at support and sell at resistance .
you can see the lines of support and resistance are clearly draw and the prices and candlestick move around in a BOX. Bitcoin are still weak due challenges by government and banks. as long as bitcoin break the box, bitcoin will be soaring again.
