BITCOIN recovering?
Several weeks ago I posted 3 possible areas where BITCOIN might find support. Since then we've seen BTC rise and fall but generally be supported by the first & second of these levels.
The chart pattern for BTC is a classical rising hifgher high and higher low pattern that woudl suggest we could be headed higher.
Whilst we remain above 20770 we are in an uptrend and the next target should be 25,500 which may be reached second week of August.
This is all speculation of course and BTC is at the mercy of the markets and could go anywhere but anyone looking at buying a favourite digital asset all of which are historically cheap then now could be a good time.
The chart pattern for BTC is a classical rising hifgher high and higher low pattern that woudl suggest we could be headed higher.
Whilst we remain above 20770 we are in an uptrend and the next target should be 25,500 which may be reached second week of August.
This is all speculation of course and BTC is at the mercy of the markets and could go anywhere but anyone looking at buying a favourite digital asset all of which are historically cheap then now could be a good time.
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