Bitcoin to $12,000 (BTC/USD Analysis)

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7y

MONDAY
24-JUN

Price will most likely continue to rally with little to no pullback since the bullish momentum is very strong and there's more upside LQ left.
The sell LQ is below last week's (LW) low which seems too far away right now; so price has no reason to drop that far.

On the Daily, price made a pullback towards y'days (Y) low but rejected the lower prices and pushing up again.
It is now above the Daily open and looks like it's targeting y'days high, which is also LW high.
It's possible that price consolidates around the current level in the coming days but ultimately reach for the upside LQ.
In case price drop towards $10,000, this would present scenarios for longs as there are multiple LTF buy zones below that.

Bitcoin to $12,000 (BTC/USD Analysis) | Ecency