Bitcoin Analysis

Words
130
Reading
1 min
Listen
Play
7y

MONDAY
17-JUN

Price took out MAY high last week and closed above the monthly open.
The bullish momentum is continuing to build up and the next target is LW high, followed by the Q3-2018 high.
The sell LQ is below LW low, which is too far away and very unlikely to be targeted, given the bullish momentum.

On the Daily, price also looks to be targeting LW high.
SUN low is the closest sell LQ but also looks far away right now.

One reason for price to drop would be to fill in the gap on the futures market.
The market opened with a gap today and unless it's a breakaway gap that targets further upside LQ, price may very well retrace to fill it in before another wave up.

Bitcoin Analysis | Ecency