BITCOIN analysis 19th July 2021
BITCOIN continues to move sideways in a tighter and tighter range. We can expect to see a breakout soon but when soon is we can only guess. All the signs from a technical standpoint are pointing to a decline in BITCOIN'S fortunes from these levels to support at around $29,000 - a decline under this level opens a steeper decline to Fibonacci support at $25,380 (38.2%) and $16,100 beneath that (23.6%). No evidence of any BULLISH pressure currently.
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