We've been riding a pretty straight Uptrend for some time now, but it appears we may have reached out peak. For now. We tested $50,000 & very well test it again soon, but what follows that will give us a great idea of where we can expect to be in price heading into September.
Once we hit $50,000 we could get rejected then slide down & have a slight chance to create a Double Bottom at resistance that isn't very strong. But may be enough to give us support for a reversal & break the $50k resistance. On the other hand, we could break right through that resistance & retest our previous low $45,000 then a phase heading for the end of the month.
Once we hit $50,000 we could get rejected then slide down & have a slight chance to create a Double Bottom at resistance that isn't very strong. But may be enough to give us support for a reversal & break the $50k resistance. On the other hand, we could break right through that resistance & retest our previous low $45,000 then a phase heading for the end of the month.
