The weekly chart does not look good for Bitcoin. Now that we have only one more day in this weekly candle, I highly doubt that it will end up in the green. This basically means that the candle is going to close below resistance.
If that is the case, then I am most certain that the most recent daily cycle top happened at day 12 of this current cycle. This means that Bitcoin is most likely going to experience a decline in september and at least for the first half of oktober.
This could be a good entry for the folks who missed out on the 15k lows of December last year.
If that is the case, then I am most certain that the most recent daily cycle top happened at day 12 of this current cycle. This means that Bitcoin is most likely going to experience a decline in september and at least for the first half of oktober.
This could be a good entry for the folks who missed out on the 15k lows of December last year.
