Bitcoin has been remarkably bullish this year since establish our bear market low following the collapse of FTX.
We've been in a steady uptrend ever since, with a nice bout of expansion from January to March of this year.
Since then, we've essentially been range bound with a bullish hue.
Two weeks ago we made a new yearly high, and are currently consolidating at the upper boundary of the current range.
A pullback here is likely, I'm still holding my $20K September Puts, based on my Cycle Analysis.
However, traders need to watch for a break above resistance here at $32,000 for continuation to $36,000.
We've been in a steady uptrend ever since, with a nice bout of expansion from January to March of this year.
Since then, we've essentially been range bound with a bullish hue.
Two weeks ago we made a new yearly high, and are currently consolidating at the upper boundary of the current range.
A pullback here is likely, I'm still holding my $20K September Puts, based on my Cycle Analysis.
However, traders need to watch for a break above resistance here at $32,000 for continuation to $36,000.
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Subscribe to the Crypto Alpha Report to receive my insights in your inbox daily. Data-driven research to keep you armed and dangerous.
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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.