If you look at previous bitcoin price roughly on the 21st of july BTC left a demand zone and spiked massively to the upside. If we notice price has not yet tapped that zone and i feel that is the reason why the alpha cryptocurrency has refused to cross the 42 to 45k resistance area.
In my opinion i think BTC will still dip further more into the demand zone before we can see a new ATH on the asset.Thou we may still continue trading within the rising wedge area.
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