BTC has been unable to break through the $29.6k level, contrary to our previous plan. It is currently forming a triangle on the close candle of July 30th, with resistance on the RSI. The lack of sufficient momentum is preventing it from breaking through the $29.8k level, as we had anticipated.
July 31st will be a crucial day for the crypto market as it will determine the trend for August. If the candle on July 31st fails to successfully break through the formed triangle, there is a high likelihood that BTC will move down to the lower zone around $28.8k, and we may not see $30.4k for at least half a month. Let's wait and observe if BTC can break through this triangle on the mentioned date.
July 31st will be a crucial day for the crypto market as it will determine the trend for August. If the candle on July 31st fails to successfully break through the formed triangle, there is a high likelihood that BTC will move down to the lower zone around $28.8k, and we may not see $30.4k for at least half a month. Let's wait and observe if BTC can break through this triangle on the mentioned date.
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Lu - The Prophecy premium.
Explore the Future of Crypto Trading! 🚀 Join me, the quant data-driven crypto trader. With innovative strategies and precise analysis, I stay ahead of the market trends. Let's conquer the exciting world of crypto
Explore the Future of Crypto Trading! 🚀 Join me, the quant data-driven crypto trader. With innovative strategies and precise analysis, I stay ahead of the market trends. Let's conquer the exciting world of crypto
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.