$BTC 7.7 Bitcoin Market Analysis
The Bitcoin market has seen a big rise, and Bitcoin is currently around $58,000. The analysis on July 5 predicted that Bitcoin might pull back to the $53,000 to $55,000 range, and on the night of July 5, Bitcoin rebounded after hitting $53,300.
So far, Bitcoin has rebounded by about 10%. To confirm whether $53,300 is the lowest point of this round of adjustments, the key is whether the price can rise above $58,800, which is currently only $600 away from this target. If this increase can be achieved, it can be determined that this round of adjustments has ended and a new rising cycle is about to begin.
Go long on the 55,000-56,000 range.
