Definitely Bitcoin looks strong compared to the rest of the crypto market.
we have been consolidating on top of the previous all time highs, and that is bullish, now price has broken out from its resistance and strong support remains around 108K area.
If momentum continues, 120K could be strong target, and if broken 135K is next by end of July.
BUT......
Analyzing only supply and demand plus the reference to the average retrace from tops to bottom, there is still more downside for Bitcoin, definitely we are more close to the bottom.. next post I’ll analyze the weekly timeframe showing you a fractal from previous cycles
