Bitcoin Trend Analytics July 7th
BTC still runs within the box and forms a consolidation triangle in the downward channel.
The box: $22658.64~$18686.84
$18267.50 is the key support of the month
The consolidation range has narrowed down to $21699.20~$18686.84 ; centering $20300.
If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
BTC flipped the center today (8.00 UTV+8), which then turned into a support.
The box: $22658.64~$18686.84
$18267.50 is the key support of the month
The consolidation range has narrowed down to $21699.20~$18686.84 ; centering $20300.
If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
BTC flipped the center today (8.00 UTV+8), which then turned into a support.
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