BTC CHART ANALYSIS- PART 4 !

AS expected, bitcoin is on a small run and has seen a great pump in last 24 hours, nearly 750 dollars pump from 6600 to 7350 dollars.

REASON :-)

the 2 most important reasons are:

1. ETF decision date is coming, on 10th of august ,which can bring trillion of dollars in the market,
2. A sudden increase in buying volume, just for one day, which clearly shows whales manipulation!!

however,if you see the daily chart above, you will find that btc still has got some potential to go up and may strike the downward trending line any moment, most probably in 10 days (28th july) and will face resistance there.

WEEKLY CHART

the weekly chart also indicates that btc will go more up and you will see the highest price of july at the end of july.

PRICE PREDICTION UPDATE

As you can see from my previous posts, i guessed that btc will go atmost around 7300 dollars in couple of weeks and it did, but it still has some room so i have changed the maximum price of btc, before crash, at 8337 dollar
also the minimum price which i think it will reach is 7773 dollar.

let's see what happens in next 10 days, i hope my prediction comes out to be true :)

DISCLAIMER: i am not a financial advisor and all these analysis are for education purpose and not for investment purpose. INVEST AT YOUR OWN RISK!

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