BTC Forecast for July
In the analysis of the trend for June, I provided a projection of the current upward momentum after the corrective phases.
In the analysis of the trend for June, I provided a projection of the current upward momentum after the corrective phases.
One thing that exceeded my expectations is that this upward trend will last longer than anticipated.
The wave structure will undergo slight changes, specifically in a price range that requires attention. This range will be the most important price zone within the current upward wave structure.
Specifically, the price range is from 28,924 to 29,443. This is the critical support level that must be maintained for the overall bullish market sentiment to continue.
Breaking this price range would imply a "reversal" signal, returning to lower levels.
Regarding the current price trend,
In the short term (perhaps within the next week), BTC is expected to retrace to the range of 28,924 to 29,443 before continuing the upward wave.
The target for this upward wave is measured to be from 32,930 to 33,064.
Additionally, there is a possibility of a further upward push, reaching a maximum peak around 35,351 to 35,664.
However, from my personal perspective, the 33k level marks a critical point.
After this corrective phase, if all significant support levels remain intact, it is expected to be the most intense and FOMO-driven wave.
This final upward wave from 24k to this point will be the last major bullish wave before everything... well, let's execute the plan first and then reassess.
I hope July brings favorable conditions for everyone, so let's be strong and decisive.
Jul 18, 2023
