BTC 1W UPDATE
Bitcoin was able to close 1W candles above $60,000 support for 17 weeks (119 days) straight, but the last week lost it.
Too much FUD, too low bullish volumes to handle it. What does it mean for us?
Unless some strong bulls come out of the woodwork, we are doomed to spend the summer below $60,000 resistance with some fakeouts. Simply speaking — consolidation in the $50,000 - $60,000 range.
A significant break below $50k should not be considered as the demand near this area is at an extremely high level. This is the level where bulls are ready to buy now.
So be it.
#ETH_ETFs_Approval_Predictions #BinanceTournament #bitcoin☀️
