While traders are reviewing notifications from exchanges, bulls are looking for signs of a BTC reversal. And, of course, they find it. Including comparing the current chart with a fractal from 2023.
The bad news is that if it happens again, even restoring#BTCto $66,000 could take all of July and August.
Post by trader and crypto blogger Jelle (89.2 thousand subscribers):
“When approaching, the sifting process is in full swing, the price is at the minimum levels of the range.
This may seem very scary, but it looks like the market is simply repeating the third quarter of last year.
Long, boring lateral movement + surrender = perfect recipe for growth."
