BTC $63300 Weekly Update #26:The M candle close above the W21e
BTC bulls have managed to avoid the M closing below the Weekly 21e ($61400).
Price has hit the avg support at $60k, but dropped as low as $58,400.
However, not a single D candle has closed below $60k yet.
The short to medium term indicators are still point down, which indicates that market is till in a correction phase in this range of 72-60k.
Even though price has bounced off of support, there could still be more potential low volatility for the rest of Summer
72k will continue to be the resistance till taken out.
Price has hit the avg support at $60k, but dropped as low as $58,400.
However, not a single D candle has closed below $60k yet.
The short to medium term indicators are still point down, which indicates that market is till in a correction phase in this range of 72-60k.
Even though price has bounced off of support, there could still be more potential low volatility for the rest of Summer
72k will continue to be the resistance till taken out.
