BTC analysis Jul 13
Hey there!
Nothing global has happened since the last analytical review. BTC continues sideways movement within the channel. Market capitalization is 1.18 trillion, dominance index is 51.41%. The fear and greed index is 57 (Greed).
The price has partially removed the compression and formed a triangle. At the moment we expect a correction to the zone 29500-30000, where we will observe the price behavior, as it is necessary to collect all the liquidity accumulated below. Globally three scenarios of movement are possible:
Scenarios of movement on the chart.
Recall that for continuation of the "healthy" upward movement it is necessary to remove liquidity under 29500.
We are watching the key levels.
Good luck and patience to everyone!
Always in touch,
Relictum Analytics
Nothing global has happened since the last analytical review. BTC continues sideways movement within the channel. Market capitalization is 1.18 trillion, dominance index is 51.41%. The fear and greed index is 57 (Greed).
The price has partially removed the compression and formed a triangle. At the moment we expect a correction to the zone 29500-30000, where we will observe the price behavior, as it is necessary to collect all the liquidity accumulated below. Globally three scenarios of movement are possible:
- Sharp growth with breakdown of resistance at 31000 and further movement to 32-33.
- Rebound from resistance at 31000 and movement to 29500-30000.
- Movement to 29500-30000 from the current values.
Scenarios of movement on the chart.
Recall that for continuation of the "healthy" upward movement it is necessary to remove liquidity under 29500.
We are watching the key levels.
Good luck and patience to everyone!
Always in touch,
Relictum Analytics
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