Bitcoin: Weekly Forecast 20210711
Bitcoin continued to consolidate further and the lower portion of the entire range.
Since the most recent rebound from the 30000 low, the price has been creating higher lows while it also finds resistance constantly at the current equilibrium level of 36000.
As of current, the price could very well be supported at the bottom of a rising channel and we might expect a stronger buying for the week.
This week, we will look for buying opportunities at the beginning if the price pulls back to 33300.
Since the most recent rebound from the 30000 low, the price has been creating higher lows while it also finds resistance constantly at the current equilibrium level of 36000.
As of current, the price could very well be supported at the bottom of a rising channel and we might expect a stronger buying for the week.
This week, we will look for buying opportunities at the beginning if the price pulls back to 33300.
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