BTC expected movement

29 Jul 2021

With the momentum of the short squeeze behind us, and AMZN hopium all but gone, a dip is imminent. Albeit, the beginning of bullish reversal has begun, a correction is necessary in order to make sure BTC follows established market patterns towards its return to earlier levels. The supply shock has more or less been overcome as well. All the mentioned indicators point towards a short-term dip. However, again BTC must hold the prized 35K level in order to confirm the reversal. Any prolonged movement below the said mark may mean that crypto winter is looming...