BTC has closed the Q time frame red. However, the the W and M time framed managed to have a successful close by both closing above the W21ema.
The entire Q2 has been an accumulation period as price stayed between 60-72k.
The last Q low will represent Q3 support. Therefore, 60-57k range needs to be defended.
As mentioned in the last weekly update (#26), 72k will be a pivotal point. A monthly a close above it would be good, but a Q close above it could be more impressive for a strong breakout continuation towards the 80ks
The entire Q2 has been an accumulation period as price stayed between 60-72k.
The last Q low will represent Q3 support. Therefore, 60-57k range needs to be defended.
As mentioned in the last weekly update (#26), 72k will be a pivotal point. A monthly a close above it would be good, but a Q close above it could be more impressive for a strong breakout continuation towards the 80ks
