$BTC just made a new higher high and is now testing the Daily 200SMA.
Price has retraced a big part of the June flush and is now sitting in the middle of the broader $60K–$82K range.
The daily trend remains bullish, and we have our first bullish confirmation ✅
A retest of $66K–$67K as support is still possible, but it may not happen. $BTC could simply continue printing new HHs and HLs above that zone.
With the compression finally broken, expect volatility to remain elevated as BTC battles through the key levels in this area.
Price has retraced a big part of the June flush and is now sitting in the middle of the broader $60K–$82K range.
The daily trend remains bullish, and we have our first bullish confirmation ✅
A retest of $66K–$67K as support is still possible, but it may not happen. $BTC could simply continue printing new HHs and HLs above that zone.
With the compression finally broken, expect volatility to remain elevated as BTC battles through the key levels in this area.