Bitcoin monthly update đ
$BTC closed July +7.32%, holding above the Monthly MA50 ($60.7K).
The chart is still following a familiar cycle: a potential consolidation period before the next major move higher.
Key levels:
Support â $57.7K
Resistance â $67.2K / $74K
Bullish: âą Strong ISM data
âą Reduced macro uncertainty
Risks: âą More sideways action until October
âą Stock market correction
âą Rate concerns
Holding the Monthly MA50 and Weekly MA200 keeps the bigger picture bullish.
#USToCancelIranAttackSubjectToDeal
#USIranTalksToBegin
#OilCrashes9%
$BTC closed July +7.32%, holding above the Monthly MA50 ($60.7K).
The chart is still following a familiar cycle: a potential consolidation period before the next major move higher.
Key levels:
Support â $57.7K
Resistance â $67.2K / $74K
Bullish: âą Strong ISM data
âą Reduced macro uncertainty
Risks: âą More sideways action until October
âą Stock market correction
âą Rate concerns
Holding the Monthly MA50 and Weekly MA200 keeps the bigger picture bullish.
#USToCancelIranAttackSubjectToDeal
#USIranTalksToBegin
#OilCrashes9%