What's The Outlook For Bitcoin? - June 20th, 2021

Bitcoin is holding just above the Yearly Open Price. I would expect some massive selling if we get under these levels, as large positions have been publicly taken by large companies, institutions, and hedge funds around this price area. However, that could also mean that these large position holders may be looking to accumulate more at a lower price point. Either way, I expect this to be a volatile couple of weeks-months. We can expect to see BTCUSD fluctuating in price quite a bit. Ultimately, the Yearly Open is a powerful level for Investors and Traders, and I will be watching this level closely.

Regards,
@DayTradingOil