Repost from Jul 15: If $BTC closes below $28.9k on July 31, the odds of going very very low would increase greatly. 11 days to go. Keep your fingers crossed.
Events to watch:
- If BTC breaks below $28901.8 before July 31, it opens a path to lower prices.
- If BTC closes below $28901.8 on July 31, it opens a path to oblivion.
- If BTC breaks below $19870.6 anytime, a chance of recovery becomes very slim.
The chart compares the similar (so far) candle structures only. It does not compare $BTC to a bankrupt telecom company.
The long term perspectives and the chart can be found in the Monthly Analysis by the link below.
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