[BTC/USDT] Bitcoin Ranging Market Analysis [Bull-run Prediction]
I haven't posted in awhile, I've taken a break from analysis and trading for the most part during this boring ranging market.
But I wanted to do something for the community today, as its been quite some time.
I'll keep this short as most of my thoughts are expressed clearly in my charts.
We're going to see a lot of trouble testing past 6.7k-6.8k which is our current Point of Control.
We're going to need to break 9.2k-9.6k to push out of this ranging market.
I believe we will have confirmation of bull-run by September when we break 11.5k.
If SEC approves ETF's we can see this bull run happen sooner.
Short term: Bearish
Long Term: Bullish
Trade carefully my friends.
But I wanted to do something for the community today, as its been quite some time.
I'll keep this short as most of my thoughts are expressed clearly in my charts.
We're going to see a lot of trouble testing past 6.7k-6.8k which is our current Point of Control.
We're going to need to break 9.2k-9.6k to push out of this ranging market.
I believe we will have confirmation of bull-run by September when we break 11.5k.
If SEC approves ETF's we can see this bull run happen sooner.
Short term: Bearish
Long Term: Bullish
Trade carefully my friends.