Bitcoin | Will Bitcoin Rise More? Of Course YES😁

Jul 28, 2022

In the previous analysis, the price was showing a very nice extended pattern with two options.

Both were more likely to happen since they were both aligned with each other.

As you can see the price reacted in the same area where I shared the previous analysis.

The reason was that the support area of the channel proved to be very strong and the market did not see the price move below 20.7k.

Yesterday during the FOMC Bitcoin bounced above the channel and is now increasing the chances of the next bullish move.

The first target should be 24K and after that 25K

Thanks and good luck!



Previous Analysis:

Jul 29, 2022

Trade closed: target reached

Bitcoin | First target Reached