$BTC TOP 20
Added 2024-07-26 11:30:23 +0000 UTCBitcoin has handled this week quite well and I continue to see a movement since its bounce at $53k in an impulse wave.
Price pulled back this week for what I see as Subwave 4 but held on the 0.38 Fib which was at the 50 Day MA too and has bounced.
Big test of course will be finally getting out of this channel and above the $69k level and the channel at $70k.
Holding above $69k for me will be bullish for $BTC.
However, we are in Subwave 5 here, so a pull back will need to take place after Subwave 5 is complete, so it is possible that $69k does not hold on the retest and a second test of the 50 Day or the 200 Day MA is needed.
Comments
Yes this is possible if $69k continue to act as a resistance level
Gareth Neary
2024-07-29 11:00:14 +0000 UTCHi Gar BTC has just break thru $69k if i understand above based on EW there may be a retest of 50D which is abt 63k (0.382fib)?
Huat
2024-07-29 10:17:08 +0000 UTC
