Bitcoin seems to be heading lower based on my overall analysis and macro market sentiment, expecting volatility with a continuation to the downside. Target could be anywhere between $16.5 - 13.8k, more detailed info on my chart....
My Bitcoin Analysis explained on the chart, not looking good for the King Of Crypto, do we see $16.5k ??
Not seeing the strenght by BTC to continue above $24 - 25k, market still seems uncertain with short burst pumps, fakeouts and low volume. Retail traders afraid to make the move and Whales are just patiently waiting for us to take the Bait. I have a short term Bullish scenario playing out but the push isn't quite there yet. I'm seeing a possible touch/break above...
$SPX looks like its heading for more downside with a target of $3540 (High Probability). We may see some short term bullish divergence post 4th Of July but will eventually continue on its downward trajectory also dragging down Bitcoin. Pump, consolidate/accumulate then dump with its next leg down....
Based on my short term analysis we will have a " High Probability " for lower direction with Bitcoin in the range of $13.8k to 14.5k. A more in depth analysis will be structured once we have a confirmation of the $13k target, expect an immediate Bullish response to the upside which will consolidate and possibly retest $10 - 13k soon after. WE ARE IN A BEAR MARKET...