Potential BTC trend

Updated

Hi guys,
This is what I see happening over the next couple of months; currently we're in the bear but I believe sometime in September particularly before the VanEck's third attempt to push a bitcoin ETF through we should see some signs of positivity, if it gets approved then we can expect some crazy price action not that we haven't seen enough of it already but nonetheless.

Note

So far it's following the pattern, however there is still a big chance of break down below $5800, it seems this level has been a critical support level and if it touches it again it might go down to $5000.

Trade active

I think BTC is preparing for the next significant move, it tested 6600 resistance a few days ago but failed to break through, for now 6540 is its ceiling. From the bullish point of view we'll break through 6540 and retest 6600 which will become our next support.From the bearish perspective I think we'll see $6250 before too long and possibly $6000 slightly later; We'll see.

bxcimu

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