Bitcoin: Breaking out? Consolidating? About to Drop?

30 Jun 2023

We have been getting stuck in these sideways moves for a while now with Bitcoin, so what do you think?

1 = About to break out.

2 = Consolidating and will continue sideways for a while.

3 = This is the top and expect a drop back down the chart.

30 Jun 2023

Nota

Peaked through 31K again. Could be a good sign.

30 Jun 2023

Nota

Adding this image as the 1,2 and 3 positions don't display on all resolutions.

30 Jun 2023

Nota

So indecisive but a big daily range of 6% as bulls and bears battle for direction.

30 Jun 2023

Nota

Personally, I'm hoping it's 1.

Thinking its probably 2.

And in Denial for 3.

14 Jul 2023

Nota

Squeeze was on so breakout it is:

16 Jul 2023

Nota

........ and back to range trading. Boring :)

28 Jul 2023

Nota

Broke below support and more sideways action.

2 Ogo 2023

Nota

Finally back up above the 20 and 50 day moving average that were providing resistance (if you believe in that sort of thing). MACD looking more interesting though. Back below the 0 line and crossing which often indicates a bullish value area.