The last day of the month
Today is the last day of the month. This is meaningful because it will define the colour and the shape of the July candle.
If it closes as it is, BTC will probably mark a very similar pattern as it did in dec 2018 - jan 2019. And this means that there could be a lower high.
RSI is on the overbought side.
MACD is still bullish.
Whales have been very active in the last few day moving more than 300.000 BTC in just few transactions.
SEC started to approve crypto.
China legalized crypto.
There are many bullish news, yet it does not influence BTC price in a positive way.
It's hard to tell what happens next, but I don't see the reason why the price shouldn't be rising.
If it closes as it is, BTC will probably mark a very similar pattern as it did in dec 2018 - jan 2019. And this means that there could be a lower high.
RSI is on the overbought side.
MACD is still bullish.
Whales have been very active in the last few day moving more than 300.000 BTC in just few transactions.
SEC started to approve crypto.
China legalized crypto.
There are many bullish news, yet it does not influence BTC price in a positive way.
It's hard to tell what happens next, but I don't see the reason why the price shouldn't be rising.
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