Bitcoin to drop further (BTC/USD Analysis)

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7y

SUNDAY
30-JUN

Price was unable to take any upside LQ in the last two days and seems like sellers are providing resistance above $12,000.
It is now very close to Y low and seems unlikely to fail in breaking below it.
Further sell LQ could be found below FRI low.

If price is about to make another rally towards $13,000 it may have to take out some sell LQ first.
Y low is the closest, followed by this week's low, just above $10,000.

Bitcoin to drop further (BTC/USD Analysis) | Ecency