$BTC TOP 20
Added 2024-07-17 11:05:15 +0000 UTCBulls are back in the driving seat and the price is now above the 200 and 50 Day MA.
Price dropped to $53k on the 5th of July and made a lower low but slightly higher than the 0.38 Fib, this is perfectly acceptable for Wave C to be complete at this level, the ABC count is perfect, although the pull back could have been lower the waves are standard.
$BTC also survived German Govt selling without it building large momentum dropping the pull back to lower Fibs, a further catalyst came at the weekend with the assassination attempt on Trump, who is Pro-Crypto and appears to be benefiting in the polls after this attempt.
Since both events, $BTC has bounced strong and has not given a pull back yet, when it does, we will be watching for a higher low.
For now, the price can still run to the blue line at $69k before needing a pull back, when it does show signs of slowing down, I can add the Fib support levels of where we expect this pull back to come to.
But I suspect that a retest of the 200 Day MA from above will be the perfect position to show its strength.
