BTC long-term and short-term: POTENTIAL SCENARIO!!

Jul 6, 2023

#BTC UPDATE

In this 12h time frame BTC is trading in this big rising channel and is currently at the resistance of this 30.7k level.
Or in the shorter time frame, BTC is making this bullish flag pattern but we need a breakout or breakdown of this pattern to confirm the next move.

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Jul 6, 2023

Note

After extensive consolidation, the #BTC Descending Channel Breakout has been confirmed on the weekly timescale chart. In the upcoming months, we can anticipate a hyperbolic move.

Jul 7, 2023

Note

BTC bounce from the lower support of this flag but we still need a breakout or breakdown of this pattern to confirm the next move.

Jul 8, 2023

Note

#BTC
No changes; BTC is still moving in the same range. I am waiting for some movement with decent volume in the market.
Stay tuned

Jul 9, 2023

Note

No changes in #Bitcoin

Jul 13, 2023

Note

I hope this time it will break this pattern

Jul 16, 2023

Note

BTC did a freakout breakout of this flag pattern and is currently trading around the lower support of this pattern.
We still need a breakout or breakdown of this pattern to confirm the next move with decent volume in the market.

Jul 17, 2023

Note

#BTC

For 25 days, BTC has been consolidating in a rectangle channel. Stops have been cleared above the channel high. It is currently trading below the midline, where resistance is being provided by the MA 100 and the Ichimoku cloud.

It is anticipated that the channel will continue to move until a firm breakout or breakdown occurs.

Jul 20, 2023

Note

#BTC
After striking the range low, BTC recovered, and it is now encountering opposition from the declining trendline and the MA 21. RSI continues to display the same fractal as the last move.

The range would continue to consolidate with a breach of the descending trendline. A market correction would be indicated if it rejects from here and breaks the range low.