BTC outlook for 8 July 2022.
BTC made a nice break out to the upside and is currently rejecting the next major resistance area around 22,5k. This is what I'm looking out for over the next few days:
1) BTC continues pushing upwards and breaks above the next major resistance zone around 22,5k to confirm the break out of the wedge.
2) BTC makes a retest on the wedge before rejecting it to continue pushing upwards.
3) If BTC manages to close back within the wedge, a fake out occurred and I expect BTC to retest the major support zone around 19k.
1) BTC continues pushing upwards and breaks above the next major resistance zone around 22,5k to confirm the break out of the wedge.
2) BTC makes a retest on the wedge before rejecting it to continue pushing upwards.
3) If BTC manages to close back within the wedge, a fake out occurred and I expect BTC to retest the major support zone around 19k.
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