BitcoinLong
Bitcoin Likely Outcome
Aggiornato
just now
Bitcoin has managed to hold the 29,555$ support region only returning to it once very slightly that being only to graze the 29.640$ so more or less that support was held in the short-term as of now there seems to be a remarkable strength with bitcoin remaining around the 30,022$ price range as of July 8, 21:21 UTC. Despite being bear or bull bitcoin historically tends to move to the side with the least resistance in the 17-24% after having scared of and retested it for a good few days this "scare" most likely came in the form of a divergence that put a lot of emphasis on 23,800$. This divergence lasted most of May to End of June It is of my firm belief that we will skip 27,776$-29170$ retest and continue to a slow push to 32500$-33340$ region once we pierce the 33340$ region we will quickly gather enough volume to push up to a newer yearly high in the 44.470- 37,776-35690$ From there i estimate another final test of volume depending on which of the target's we hit, if bitcoin is to go as far as 44,770$ 37,880$ is most likely as far as this decline will go. If price goes to the 37,776$ region only and does not quickly gather momentum for 40k and above we could be looking at a new yearly high or the top for the year and a stretch-or a long stagnation in that same region oscillating only 5-9% towards Mid-September.
Bitcoin has managed to hold the 29,555$ support region only returning to it once very slightly that being only to graze the 29.640$ so more or less that support was held in the short-term as of now there seems to be a remarkable strength with bitcoin remaining around the 30,022$ price range as of July 8, 21:21 UTC. Despite being bear or bull bitcoin historically tends to move to the side with the least resistance in the 17-24% after having scared of and retested it for a good few days this "scare" most likely came in the form of a divergence that put a lot of emphasis on 23,800$. This divergence lasted most of May to End of June It is of my firm belief that we will skip 27,776$-29170$ retest and continue to a slow push to 32500$-33340$ region once we pierce the 33340$ region we will quickly gather enough volume to push up to a newer yearly high in the 44.470- 37,776-35690$ From there i estimate another final test of volume depending on which of the target's we hit, if bitcoin is to go as far as 44,770$ 37,880$ is most likely as far as this decline will go. If price goes to the 37,776$ region only and does not quickly gather momentum for 40k and above we could be looking at a new yearly high or the top for the year and a stretch-or a long stagnation in that same region oscillating only 5-9% towards Mid-September.
Nota
My deduction was more or less correct. Now that bitcoin has seemingly oscillated around my targets you can really only hope to see what price is next. I emphasized the 37778 region not only because it was a target but because it was a big barrier that i felt simply attempting to pierce it or piercing it would benefit everyone either-way, great conditions and still around this price despite Fundamentals/Entries and all kinds of Headlines. I expect 44470 but we could always skip targets and form new kinds of expectations. Best of luck
real and strategical approach at trading
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