After what looks to be an accumulation period which went from Feb 10th to June 29th price has recently broke through the Weekly Resistance of 4139sats and is now back testing as Support. If price holds this Support there should be nothing stopping it from having another attempt at the Monthly Resistance of 5500sats. However, if price were to lose this Support then it would have formed another Lower High which would be a bearish sign....
Comment:
Weekly level lost due to BTC Dominance increase. Price set to test next Weekly Support of 3131sats now.