⚡️ #BTC OUTLOOK - 25/07⚡️
⚡️ #BTC OUTLOOK - 25/07⚡️
Looking very bearish short-term with big bounce incoming.
Currently in a smaller short-term range heading down back into the longer term range. That is sitting with a low of 20.3k - with a lot of uncertainty of theis weeks meetings and announcements, also earnings reports dropping I don't think it will all be priced in yet, also a lot of arm chairs traders will already be on high alert ready to sell so this will likely tip them over the edge to hit that Market Sell button. This lines up with the previous unfilled weekly pivot too.
It is likely we will see a bounce here with a lot refilling their bags at this desirable 20k price point. I feel it will take off from here - even going as far to say that this could be the big turning point. Although breaking through the 20.3k or even 20k this time could spell a serious blood bath with sub 17.5k targets looking very realistic.
Looking very bearish short-term with big bounce incoming.
Currently in a smaller short-term range heading down back into the longer term range. That is sitting with a low of 20.3k - with a lot of uncertainty of theis weeks meetings and announcements, also earnings reports dropping I don't think it will all be priced in yet, also a lot of arm chairs traders will already be on high alert ready to sell so this will likely tip them over the edge to hit that Market Sell button. This lines up with the previous unfilled weekly pivot too.
It is likely we will see a bounce here with a lot refilling their bags at this desirable 20k price point. I feel it will take off from here - even going as far to say that this could be the big turning point. Although breaking through the 20.3k or even 20k this time could spell a serious blood bath with sub 17.5k targets looking very realistic.
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