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BTCUSD (BITCOIN)“Easy money” is having hard times as there still is no sign of reversal in favor of Bitcoin, but 20k seems to be acting as a psychological barrier in selling. Market Structure: After collapse in #btc price 3JULY price hits low of 18763$ now we see some buyer strength and they push price towards 15june high 22662$. here we see bullish pannet structure in the market which shows bulls profit booking here at 21681$. NEXT MOVE Here you can see green trendline resistance after breakout of resistance and and also POC volume profile. Volume is also high at current price. Breakout helps bulls to push price towards the TARGETS OF 22114$, 22604 & 25K Psycological level. STOPLOSS :21200$ FUNDAMENTALS Taking advantage of low prices, investors are increasing their Bitcoin holdings. According to data by crypto intelligence firm Glassnode, both Bitcoin shrimps (those who own less than one BTC) and Bitcoin whales (those who own more than 1,000 BTC) are stacking more BTC.
Long
by naumanfx_