Bitcoin Analysis

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7y

SATURDAY
15-JUN

Price broke above LW high and seems like the bulls are picking up momentum.
It is also retesting the range high.
Further upside LQ could be found above last month's high.

On the Daily, price broke above Y high and started consolidating.
Y'day's candle opened around the $8,250 S/R level and rallied away from it, which could mean that buyers want to stay away from these low prices.
It has also moved above the Monthly Open and closed above it, which could also mean that higher prices will be targeted in the coming days.

On LTF, price did not respect the LTF range high and broke above it.
This could mean that the accumulation within that range has finished and price is ready to expand to the upside.
The monthly candle's wick has been printed and now it's likely to expand to the upside if it's to print a monthly bullish candle.

Bitcoin Analysis | Ecency