Bitcoin analysis going into August

Bitcoin on the macro trend going into August is showing delicate and decisive price action. Bitcoin has been in a downwards wedge and has shown precise pattern continuation in accordance to its all time fib retracements. Accumulation levels are reaching all time highs which means that people are buying bitcoin up like never before. Going into August we might see more pain for bitcoin as we reach the bottom of the short term upwards wedge. If we don't bounce from the wedge retest, then we are in to test 19K and after that 12K - 15K level which would almost confirm full bitcoin capitulation confirming the start of the crypto market bull run. Since accumulation and adoption rates are increasing everyday, bitcoin could hit 30K by the end of August conservatively. For the ultra macro outlook we are still in for bitcoin and the whole crypto market to reach new highs easily within 1 to 3 years.

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