The low has been hit once more and Bitcoin is now moving back up towards the upper range of the channel.
The question that comes to mind is this: Will Bitcoin hit a new high or continue range trading/sideways?
Bitcoin is likely now to move and hit a new high, multi-year high, rather than just retrace at the previous peak.
The current trading range was activated 21-June and that's a pretty long time for Bitcoin, we are talking about 19 days of sideways staying really strong above 30K.
There are no sellers and those wanting to push prices down have no strength.
Many of the Altcoins had time to move ahead and wake up, the smaller ones... Now Bitcoin can move together with the big Altcoins and push the entire market one level up.
This can turn into something shine but the really good action should be 100% obvious in the second/late half of the month.
So yes, we are looking positive but after 15th of July and near the end of July is when we should be looking at really great profits, nice growth, green and fun.
Thank you for your continued support.
Many Altcoins continue to move ahead, this is only the beginning and things will continue to build up and speed UP!
Namaste.