Bitcoin need to close above approx. $12200 near term to clear long term resistance. See green arrow. This will verify the bull run. If not expect the pull back to be between $9600 and $10k. If that breaks next support is in the $8800-$9400 range. August 12th looks interesting as a decision day of sorts.
Note
Next hold ups around 14,970 then 16,275 finally 17,174 for a bullish run. 19,891 ultimately needs to be cleared for the massive run. Will update for bearish move soon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.