Bitcoin has broken the weekly structure to the downside, and we’ve been bearish since then.
However, the monthly chart still looks bullish, and I expect the price to return to the monthly demand zone and get a reaction from there.
I believe the crypto market could turn bullish again by the end of summer 2025.
Possible scenario:
We short from the current levels down to the monthly demand zone, sweeping the engineered weekly liquidity (by 'engineered,' I mean a level designed to push price higher). That level is around $67,000.
I’ll be watching for LTF confirmations to take longs from that zone.
Most likely, the monthly demand zone will hold and send us toward new all-time highs.
However, the monthly chart still looks bullish, and I expect the price to return to the monthly demand zone and get a reaction from there.
I believe the crypto market could turn bullish again by the end of summer 2025.
Possible scenario:
We short from the current levels down to the monthly demand zone, sweeping the engineered weekly liquidity (by 'engineered,' I mean a level designed to push price higher). That level is around $67,000.
I’ll be watching for LTF confirmations to take longs from that zone.
Most likely, the monthly demand zone will hold and send us toward new all-time highs.
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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.