Looking at BTC/USD price we can see an upward trend in action. If this trend continues, at least on a technical level we will see close to $4000 by the end of the month. You can see we have some strong support & resistance lines with our price. I expect the price to dip to around the low $3000 level where it will receive significant support (hopefully not resistance) and it should blast to upper $3000's. We are looking for which direction it breaks the trend outlined in black, this will tell us where price wants to go, if it breaks it on the upper level we should see very large price increase, maybe even above $4k, should it remain in this trend then a steady rise and if it breaks the lower level we should see price drop, but in my opinion no lower than $2700 level where it will likely rebound to higher prices because of strong support here. Either way things are looking good post UASF and I am hopeful for BTC this month.
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