đŁđŁđŁUPDATE AND ANALYSIS $BTC JULY 7
$BTC has had a recovery, rising directly to levels above 58,000. So will this recovery continue?
As can be seen on Bitcoin's weekly chart, compared to the previous bull market, we have touched the lower Bollinger Bands for the second time. Before the bull market begins, after hitting the bottom, this is the second time it touches the lower band of the Bollinger Bands. During the previous market, it experienced one or two touches of the lower Bollinger Bands midway through.
Currently, we are in second place, so the second correction is definitely a good opportunity to enter. Can Bitcoin increase fivefold or at least three to five times this time? But this time is different from last time, last time it crossed the Bollinger band and MACD crossed the zero axis, but this time it hasn't. So there's still a little difference from last time. This time, it has rallied to very high levels without falling below the zero pivot, does this mean it will have a deeper correction to the lower band level of the weekly chart? If this happens, it takes a long time to increase the price, right?
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