Bitcoin remains under pressure! What is the next support?

7th of July: BTC below 30K again - until when?


The analysis from the beginning of this month is now completed. Now let's have a look at what we could expect next.

Yesterday BTC broke through a major support at 31000, then we had a retest and another push to the downside.
While price is making such a moves, then we're only looking at a downside direction on those timeframes.
That's why we have to find out where are the next support levels that could affect price.
Once market reaches one of them we will be watching out for price reaction and decide if this move will continue or possibly reverse.

As of right now it continues.

And the next support that we expect market to reach next is at $28 880!

If you're actively trading, then you could be looking for a reversal today and even an engulfing candle which will be an entry signal.
Price breaking below previous low will even confirm this scenario.

Once market reaches the support we will do another analysis.