Another $BTC Weekly Candle Closed below the 31k Crucial S/R level.
Bitcoin Bulls must Clear this Resistance to regain Bullish Momentum and Confirm a Breakout from Descending Channel on a Macro Scale.
If Bitcoin continues to Remain below 31k S/R level, I anticipate that it may Potentially Retest the 20k region in Late August.
In Bullish Scenario, if Bitcoin Bulls Successfully Clear the 31k Resistance level, it could Potentially lead to Another Significant +20% Bullish Rally in August.
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