🔥 Bitcoin Finally Breaking Out? Part 2

١٠ يوليو ٢٠٢٣

Last week I made an analysis on Bitcoin where I wrote that I was expecting a break out from the range. However, BTC reversed sharply after hitting the ~31.5k resistance. No entry has been made in the previous analysis because we didn't close above the yellow area.

As of now, BTC is seeing another strong influx of buyers. Again, I'm looking at the same structure and hoping for a bullish break out. Close above 31.5k to trigger the signal.

39k is the target because it's around the middle of my Elliot Waves analysis range, see below.