DEMAND NOT YET TAPPED !!
If you look at previous bitcoin price roughly on the 21st of july BTC left a demand zone and spiked massively to the upside.
If we notice price has not yet tapped that zone and i feel that is the reason why the alpha cryptocurrency has refused to cross the 42 to 45k resistance area.
In my opinion i think BTC will still dip further more into the demand zone before we can see a new ATH on the asset.Thou we may still continue trading within the rising wedge area.
Purely my opinion and not financial advice.
If we notice price has not yet tapped that zone and i feel that is the reason why the alpha cryptocurrency has refused to cross the 42 to 45k resistance area.
In my opinion i think BTC will still dip further more into the demand zone before we can see a new ATH on the asset.Thou we may still continue trading within the rising wedge area.
Purely my opinion and not financial advice.
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