BTCUSD - Overall still bearish 8k is coming

I just have to say - nothing new - Here is the text of my last analysis.

I couldn´t belief to see this. Everybody is asking where the correction of bitcoin will end. Here are my thoughts:

Requirement: We will not break the high from June 26th.

Bitcoin likes the 61,8% level to retrace movements. Additionally bitcoin closed past future gaps every time. In my opinion it is possible that we see a consolidation with low points in the area of 7k.
I don´t think bitcoin will die or go even more lower. The max downmove i would expect would end in the area if 5.7k.

I will buy lower price with cost average starting under 10k step by step.

With the upcoming 200 daily moving average i see more and more bearish signs. I am careful about fake pumps.


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