We all know July and August months are the most critical one's for BTC (Bitcoin). As per my understanding BTC in both 4H and 1D chart looks bullish in next coming days! We all know how important is BTC value to increase as the market is volatile for past few weeks and it indirectly created a larger impact on Altcoins and on traders.
If you observe the chart it mostly looks like it is creating a Symmetrical triangle. Though it is creating a symmetrical triangle we can't be sure whether it will create Bullish or Bearish pattern in coming days. We need to observe the coming days trend and come to conclusion whether it's following the pattern and breaking the resistance or support.
As per the chart and my knowledge I strongly feel somewhere around 13-17th July it should start its journey upwards. If it continues to happen I am expecting it to go around 3200$ range before it's start correcting itself again.
Remember, the analysis which I did was based on what chart is saying, but always remember market always depends on three things.
1. Chart Pattern.
2. Market trend or News or Upcoming releases.
3. Emotional quotient of buyers and sellers.
So, the analysis or pattern can get impacted by other two factors as well! So, be alert and keep watching!
Let's hope for the best!
NOTE: I am not any Crypto Guru or expert, these are just my opinions and trade at your own risk!
If you feel you like this article please feel free to share with your friends and followers! Please feel free to comment and tell your views on the current pattern of BTC! I would love to hear them!
Thanks for the Content @Abhi :)
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