#Bitcoin price analysis
for Signal........................
Bitcoin reached $70,000 on July 29, but the bulls failed to sustain the higher levels. The long wick on the candlestick shows that bears are fiercely defending the $70,000 level.
The bears will try to pull the price to the 20-day EMA ($65,304). If the price turns up from the current level or the 20-day EMA, it will suggest that the dips are being bought. The bulls will then make another attempt to kick the BTC/USDT pair to $72,000 and eventually to $73,777.
If bears want to prevent the upside, they will have to swiftly drag the price back below the moving averages. If they do that, it will suggest that the range-bound action may continue for a few more days.
#Bitcoin_Coneference_2024 #BinanceHODLerBANANA #HamsterKombat #BinanceTurns7 #SOFR_Spike
