BTC/USD Reverses Ahead of June Low to Stage Three-Day Rally
BTC/USD appears to be reversing ahead of the June low (24763) as it stages a three-day rally.
BTC/USD Outlook
BTC/USD may push towards the $27470 (23.6% Fibonacci extension) to $28220 (23.6% Fibonacci retracement) region as it trades to a fresh monthly high (26845), with a move above the 50-Day SMA (28207) bringing $29140 (38.2% Fibonacci extension) back on the radar.
However, BTC/USD may track the negative slope in the moving average after snapping the upward trend from earlier this year, with a move below 25990 (38.2% Fibonacci retracement) bringing the June low (24763) back on the radar.
BTC/USD Outlook
BTC/USD may push towards the $27470 (23.6% Fibonacci extension) to $28220 (23.6% Fibonacci retracement) region as it trades to a fresh monthly high (26845), with a move above the 50-Day SMA (28207) bringing $29140 (38.2% Fibonacci extension) back on the radar.
However, BTC/USD may track the negative slope in the moving average after snapping the upward trend from earlier this year, with a move below 25990 (38.2% Fibonacci retracement) bringing the June low (24763) back on the radar.
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