Notice the moving averages and EMA clouds etc working as resistance for Bitcoin . Notice also the volume has been decreasing for some time during this push higher, which is indicative of a weak push. Bitcoin now encountering resistance. This whole area is a minefield of resistance and support, with "gaps" even to boot where you will see an acceleration in the movement. Anyway, it is quite possible we go down and when I say down I mean below 30k and hang out in the 20s maybe (next leg lower?). Anything is possible. This is just what I feel the chart is telling. Be mindful of this possibility. Happy 4th of July and sorry, your fireworks are toxic for the environment, don't take it personally because I love my country as much as the next, but it is true. Be safe out there because Bitcoin could be more dangerous than fireworks right now!


Not financial advice and nothing in the markets is ever certain, guaranteed or 100% predictable.