Bitcoin Market Update 27/07/2021

Todays bar is penetrating yesterdays supply wick. A close that matches the supply wick of yesterdays up bar would be another bullish signal and suggest absorption of supply is happening on the way up.

A pull back is expected in the form as an LPS. Could Bitcoin possibly over shoot resistance and consolidate above? Or will we see a tame pull back to consolidate here before having another assault on that 40K region?

Let the market decide, no predictions...


Bitcoin (Cryptocurrency)Chart Patternsmarketupdate

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