Bitcoin Analysis (BTC/USD)

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7y

WEDNESDAY
3-JUL

Price took out LW low and is rallying once again.
It is now targeting LW high but could face some resistance on the way up.

On the Daily, price took out MON high and is now targeting SUN high.
The sell LQ is below Y low, but it seems far away now.

On LTF, price seems to be rejecting the current highs after taking out the upside LQ.
It's important to see how price reacts from the H4 zone that caused the upside break.
The H4 buy zone at the Daily open is just below $11,000.
The current bullish momentum seems strong but it's not clear how much resistance there is to the upside.

Bitcoin Analysis (BTC/USD) | Ecency