Bitcoin hasn't looked this strong in two months.
A sustained break above $7k would be near term bullish with potential to re-challenge $10k.
If the downtrend continues, I suspect $5k would offer support, with price reaching this level by mid August, followed by a rally.
Bitcoin tends to rally in the 2nd half of the year, beginning in August.
As always, bullish on bitcoin long term. The internet can and will have it's own currency.
A sustained break above $7k would be near term bullish with potential to re-challenge $10k.
If the downtrend continues, I suspect $5k would offer support, with price reaching this level by mid August, followed by a rally.
Bitcoin tends to rally in the 2nd half of the year, beginning in August.
As always, bullish on bitcoin long term. The internet can and will have it's own currency.
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