$BTC MID-TERM OUTLOOK
We’ve remained within the channel you see throughout the summer. This range of #Bitcoin doesn’t appear likely to break until September. Even though we’ve reached the peak with slow movements, I believe the mid-term outcome is still clear.
First, the middle band at the $61,000 level will be the initial target. Below that, I think a new low awaits us. This level could drop as low as $56,000.
However, keep in mind that this is a medium-term analysis. In other words, it co...
‼️$BTC price is currently trading inside a defined HTF range between $59.5K and $67K.
The main liquidity clusters are sitting just above the recent high and below the recent low, leaving clear targets on both sides of price.
I still expect this range to hold for a bit longer before price eventually breaks out, with the upside remaining the more likely direction.
Until then, however, I expect price action to remain choppy, with repeated liquidity hunts on both sides of the range.
That’s why I...