⚡️ #BTC OUTLOOK - 18/07⚡️
50:50
Bearish:Bullish
Challenging top of range and key resistance, oversold but with a bullish divergence in play. Key notes are flipping the 200EMA - which is an incredibly bullish sentiment. We have a very recent bullish Divergence on the RSI although coming into Oversold territory.
There is a significant resistance to break through although the orderbooks are looking like there are a lot of bulls support the $22k support.
Bullish Play
- Breaking price resistance and trendline resistance of $23.4k could open up a target of the CME gap at $27.3k
Bearish Play
- Failing to break can form double top and send us back to $20k
50:50
Bearish:Bullish
Challenging top of range and key resistance, oversold but with a bullish divergence in play. Key notes are flipping the 200EMA - which is an incredibly bullish sentiment. We have a very recent bullish Divergence on the RSI although coming into Oversold territory.
There is a significant resistance to break through although the orderbooks are looking like there are a lot of bulls support the $22k support.
Bullish Play
- Breaking price resistance and trendline resistance of $23.4k could open up a target of the CME gap at $27.3k
Bearish Play
- Failing to break can form double top and send us back to $20k
