Bitcoin due ‘one of greatest bull markets’ as July gains circle 20%
$BTC/USD (BTCUSD.CC)$ BTC/USD canceling out all its gains from early in the weekend, dropping from $24,670 to $23,555 in hours.
The resulting chart structure was all too familiar to long-term market participants, creating a “Bart Simpson” shape on hourly timeframes.
For popular trader and analyst Rekt Capital, there was no reason to believe that the coming weekly candle close would confirm that $Bitcoin (BTC.CC)$ had reestablished a key trendline as support after weeks of failure.
Looking forward, however, not everyone was convinced that the current market strength had much room left to continue.
The resulting chart structure was all too familiar to long-term market participants, creating a “Bart Simpson” shape on hourly timeframes.
For popular trader and analyst Rekt Capital, there was no reason to believe that the coming weekly candle close would confirm that $Bitcoin (BTC.CC)$ had reestablished a key trendline as support after weeks of failure.
Looking forward, however, not everyone was convinced that the current market strength had much room left to continue.
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