After Trump Incident What Does BTC Price Shows On Daily Chart?
After declining from the $72000 supply zone, the price fell sharply 25% in a quick 30-day span and breached $54000 by July 5th. The petrified buyers started buying to maintain the support and got followed by buying from the crowd, as well, which led to showing sustenance on the chart for a while.
The latest trump incident, where he was nearly killed by a shooter, where the shooter missed an inch from his skull and penetrated the ear instead. This was taken on the optimistic side of the crypto-verse, as he's considered one of a cryptocurrency skeptic-turned-supporter. The BTC price pumped rapidly and crossed $62500. This entire history led to form a descending, broadening falling wedge, and the trump incident made it look like a breakout of this pattern.
At press time, the BTC has traded at $62820.26 with an intraday surge of 3.33% and appears headed to retest the $66150.73 level, and once passed, it could reach the supply once again, as well.
Therefore, the interruptions on daily TF lie around $63800 and $66150. While the supports are $60278 and $56393.
Indicators show that the price trades above 50-day and 200-day EMA's, making it bullish in the long term, once again. The RSI flashed at 56.87, above the zero line, and MACD shows a bullish cross with a histogram at $658.61. Overall indicators on the optimistic side.
