#BITCOIN = Daily Analysis = 16.06.2021 $BTC #BTC #trading #investing #charts #ElliottWave

Tough call. Daily candles speak that this type of combo never (almost) happen in a structured rally. The waves suggest that the rally could continue.

The weekly candles signal that all bullish allowances for this week could have been used. Some technical indicators hint for a possible rally.

I’ll go with the candles. Expect $BTC to close down tomorrow. If we have another red candle, it should provide enough information for the perspective targets.

In case of a rally, next resistance is 42.5k, then 48-51k. As I mentioned earlier – the coin is in an inflection area, looking for a mid-term direction.

The Long Term Forecast posted on Jun 9 stands. The link below.

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