BTC - the situation looks like it is consolidating at important supports before the new ATH.
The#BTCprice has remained above the volume level of $70,780 for the third day. Plus, what is very important, on June 5 and 6, a retest of the breakdown of the downward trend from the current ATH, established on March 14, was made. There is also a consolidation above the global upward trend since January 2023 (indicated by a dotted line).
It is a little confusing that the daily candles on June 5 and 6 closed with bearish shadows on top; selling pressure remains. BUT if in the coming days the price can break above the volume level of $72,037, we can see an impulsive bullish movement.
Well, according to the classics - while the price is above the downward trend since March 14 - it goes to the new ATH.
