Bitcoin

⚡️ #BTC OUTLOOK - 18/07 ⚡️

⚡️ #BTC OUTLOOK - 18/07⚡️

50:50
Bearish:Bullish

Challenging top of range and key resistance, oversold but with a bullish divergence in play. Key notes are flipping the 200EMA - which is an incredibly bullish sentiment. We have a very recent bullish Divergence on the RSI although coming into Oversold territory.

There is a significant resistance to break through although the orderbooks are looking like there are a lot of bulls support the 22k support.

Bullish Play
- Breaking price resistance and trendline resistance of 23.4k could open up a target of the CME gap at 27.3k

Bearish Play
- Failing to break can form double top and send us back to 20k

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