Bitcoin Analysis

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SUNDAY
16-JUN

Price broke above last month's high (LM) and will most likely seek the further upside LQ, above the Q3-2018 high, around $10,000.
It's also likely to close above the range high, which is around the monthly open.

On the Daily, price is back within the range after some profit taking took place at the highs.
It's possible that price starts seeking the sell LQ after breaking the highs but the HTF bias seems very bullish with more HTF upside LQ nearby.

On LTF, price reacted from the H4 buy zone around the Daily open after the selloff.
This zone caused the rally that broke LM high and could be significant in the near term.
Just below, there is another H4 zone that actually started the latest rally.
A lot of buyers may be waiting within these zones to get onboard if price returns there.

Bitcoin Analysis | Ecency