As you see bitcoin is closely going out of this weekly triangle, BUT...
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1- We know CME gap for bitcoin is around 48k, so it should be filled. after filling we expect a little correction that can be bearish!
2- We know summer's holidays here! so for next week fund providers will start working again and inject money into the market! so far, a little bearish market is predictable!
3- Look at the RSI and SQUEEZE MOMENTUM. In RSI we see a pullback onto the trend line is shaping. In SQUEEZE MOMENTUM at least we need 1 more bearish candle to come. so again a little bearish market!
.
NOW, after all these corrections and bounces I expect BTC to break the triangle from above and grow as the size of our triangle that can see around 80k!
God bless
.
1- We know CME gap for bitcoin is around 48k, so it should be filled. after filling we expect a little correction that can be bearish!
2- We know summer's holidays here! so for next week fund providers will start working again and inject money into the market! so far, a little bearish market is predictable!
3- Look at the RSI and SQUEEZE MOMENTUM. In RSI we see a pullback onto the trend line is shaping. In SQUEEZE MOMENTUM at least we need 1 more bearish candle to come. so again a little bearish market!
.
NOW, after all these corrections and bounces I expect BTC to break the triangle from above and grow as the size of our triangle that can see around 80k!
God bless