Bitcoin Analysis
Bitcoin is bouncing from the support trendline. We will see a retest of the upper trendline of the triangle that is around $34,000. Grayscale will unlock 40,000 BTC in the coming days with the largest unlock of 16,000 BTC on 18 July. We will see manipulation near the unlock. The breakout of the triangle will open a 20-25% move in direction of the breakout. If BTC breaks upwards we will see a retest of the $39,000-$40,000 area. If BTC breaks downwards then we will see a retest of the major support area of $29,000-$30,000.
Bitcoin is bouncing from the support trendline. We will see a retest of the upper trendline of the triangle that is around $34,000. Grayscale will unlock 40,000 BTC in the coming days with the largest unlock of 16,000 BTC on 18 July. We will see manipulation near the unlock. The breakout of the triangle will open a 20-25% move in direction of the breakout. If BTC breaks upwards we will see a retest of the $39,000-$40,000 area. If BTC breaks downwards then we will see a retest of the major support area of $29,000-$30,000.
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