BTCUSD Daily chart breakout and updated levels
We're still in a bear market on the daily chart. BTC is attempting a relief rally that could run to 43k, but has to successfully test all of those other levels pointed out in blue. If it does hit 43k, there's going to be MASSIVE selling pressure due to the respect people have for the 200ma as a resistance level. If it does get rejected there, the Ghost of FUD head and shoulders pattern gets completed. That would put our big dip somewhere around early September
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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.