26/06/23 Weekly outlook
Last weeks high: $31443.0
Last weeks low: $28847.4
Midpoint: $26251.8
BTC experienced a massive week of price action last week with nearly non stop climbing up to a high of nearly 31.5K. The all important 32K is still yet to be tagged this year however we have made new yearly highs with acceptance above 30K
The news of a Bitcoin ETF cancelled out the SEC & Binance news, this week is very important for the crypto market in general. With consolidation under the local high it's gearing up for a push above to take out that liquidity above 32K.
After that we have a large FVG near the 0.25 (27.5k) area that could require a revisit before continuing this bullish trend.
There is a bullish orderblock at last weeks midpoint and that would be a healthy correction after a large rally. from there we can plan for what happens next.
Last weeks low: $28847.4
Midpoint: $26251.8
BTC experienced a massive week of price action last week with nearly non stop climbing up to a high of nearly 31.5K. The all important 32K is still yet to be tagged this year however we have made new yearly highs with acceptance above 30K
The news of a Bitcoin ETF cancelled out the SEC & Binance news, this week is very important for the crypto market in general. With consolidation under the local high it's gearing up for a push above to take out that liquidity above 32K.
After that we have a large FVG near the 0.25 (27.5k) area that could require a revisit before continuing this bullish trend.
There is a bullish orderblock at last weeks midpoint and that would be a healthy correction after a large rally. from there we can plan for what happens next.
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