The Fibonacci resistance level comparisons since the All-Time-High (purple) and the previous high (green) show a correlation to the main resistance at $29k USD. I am expecting a pump to at least ~$25k USD, which is the lowest fibonnaci resistance level since the beginning of March (previous high).
I estimate the pump can happen from the 4th to 8th of July 2022, if we should see a RSI bullish rejection breakout (which seems very likely now).
This is not financial or investment advice.
I estimate the pump can happen from the 4th to 8th of July 2022, if we should see a RSI bullish rejection breakout (which seems very likely now).
This is not financial or investment advice.
Comment:
Looks like we are transitioning from a full pump to a steady rise. The bears just do not want to accept the inevitable rise of the Bitcoin price. Either way, its looking good for the bulls.
Comment:
Expecting a bearish sentiment around $25k to $29k USD. Waiting on the price to reach $29k USD before buying BTC seems like a risky bet, but if the monthly candle finishes above $27k then we will be likely to see $29k as well, sometime next month.
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The Elon Musk sell-off dip might scare shaky hands. I am not waiting for 25k. I am now waiting for the bottom of the dip. It might be a small dip or a large dip.
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