71.65K is the next one

29 ก.ค.

Morning folks,

So, our daily bullish setup has worked perfect - grabber has been formed and everything has started. Now BTC in fact has a free space right up to the ATH. So, we suggest that it should be aiming to challenge it.

Still, we have another tactic resistance area - trendline on daily chart, based on tops. If we take a look at 4H chart and suggest 3-Drive "Sell" pattern, then it perfectly agrees with the 3rd Drive level - ~71.65K

IT doesn't mean that we expect reversal there, although pullback is possible. We just use these extensions to estimate next upside step that BTC could make.

Suddenly US bonds yield has dropped sharply which is supportive factor for BTC. Currently we do not see any bearish signs and suggest that BTC will try to reach ATH, if of course coming Fed meeting will not break the game...