Bitcoin has been trading in the narrow range from last 30 days now. We had two deviations from the range (one to upside and one down as explained in the chart). After SEC triggered dump on 6th june, price pumped back hard to retest higher range yet again & failed to smash the resistance. Bears have been trying hard to push the price down but as you can see all the wicks below Equilibrium 0.5 levels were heavily bought. Now price is trading above Previous Weekly Low. As long as it stays above that range, expect it to reach 27k next. Any H4 close below 26340 will open doors for 25.7k.
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