$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 → $57.7K
Resistance → $67.2K / $74K
Bullish: • Strong ISM data
• Reduced macro uncertainty
Risks: • More sideways action until October
• Stock market correction
• Rate concerns
Holding the Monthly MA50 and Weekly MA200 keeps the bigger picture bullish.
#BTC Price Analysis#
#BTC Above 60K#
The chart is still following a familiar cycle: a potential consolidation period before the next major move higher.
Key levels:
Support → $57.7K
Resistance → $67.2K / $74K
Bullish: • Strong ISM data
• Reduced macro uncertainty
Risks: • More sideways action until October
• Stock market correction
• Rate concerns
Holding the Monthly MA50 and Weekly MA200 keeps the bigger picture bullish.
#BTC Price Analysis#
#BTC Above 60K#