BTCUSDT Analysis July 19, 2022

We've become Neutral to Bullish on Bitcoin, BTC, with the one Buy signal fired last night, a possible double top reversal formation (previously analysis was leaning towards another Bear Flag), and then the Daily Downtrend Line is being tested. Bitcoin is down over 55% since the indicators in April and over 70% since the All Time High in November 2021. We'd like to see a nice run up to the ($28,975 - $40,700) Resistance/Support Area in the next two months.

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