The bullish rally is coming in September
Unfortunately (or fortunately) the current trendline just broke, so that would be the end of the short-term bullish period and we are entering a short-term bearish period.
Most probably, in early September BTCUSD will hit its new bottom (lowest possible price is 6.5k) and after that a huge bullish rally will start.
The good thing about the upcoming short bearish period is that it will allow a formation of an inverse head and shoulders pattern. The shoulders are April and Mid-September and the head is July. That will confirm the long awaited end of the bear season.
TLDR: Bearish August, Huge rally afterwards
Most probably, in early September BTCUSD will hit its new bottom (lowest possible price is 6.5k) and after that a huge bullish rally will start.
The good thing about the upcoming short bearish period is that it will allow a formation of an inverse head and shoulders pattern. The shoulders are April and Mid-September and the head is July. That will confirm the long awaited end of the bear season.
TLDR: Bearish August, Huge rally afterwards
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