Bitcoin Update — 25–06

Jun 25, 2021

On the daily chart, we see nothing special happened since the last update (yesterday). We went a little up and we crawling slowly to 40k.

On the 4H chart, we see that we broke out the downtrend and that we are facing a small resistance (around 35k) now. First, we will see a small retrace (to around ~33k/34k) and if we hold this we will create a new Higher Low. Then there is enough room to break the 35k resistance. If we don’t break the resistance of 35k we could see some more consolidation between 30k and 35k. If we lose the support of 30k we will see lower levels (~24k, 20k).

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