Bitcoin can set a price detection with tightening the weekly structure star-news.press/wp

A Cafir analyst stated that bitcoin presses against the main resistance Near its height at allThis indicates that the collapse in the price discovery area can be just around the corner. The weekly closure above the level can lead to a new wave of upward trend, pushing BTC to an unknown land where the new heights are inevitable.

Bitcoin is a single candle away from the discovery of the price

In x mail On July 4, Crypflow stated that Bitcoin shows impressive flexibility and artistic accuracy on the graph. After finding a foot when supported S1, BTC handed over a sharp bounce and Successfully Reclamation of the R/S Flip area is about $ 104,400, which is now a battlefield for momentum.

However, BTC faced severe resistance at about $ 109,000, which is what happens to distinguish the previous higher Weekly closing. The rejection was a clean technical test for the $ 104,400, which has now become a new support, a thunderbolt of textbooks.

BTC is now pressing against its final resistance. if Bulls It can regain $ 109,000 with size, and will remove the path to discover real prices, as the historical resistance no longer exists and the upward trend becomes wide open.

Another analyst, trade4ddict, too subscriber Bitcoin is another upscale chance, while printing the graph for one hour. After declining in the liquidity area of ​​$ 108,500, the BTC quickly reversed, besieging the late short pants and confirming the morning star style, and Climb Reflection signal.

This shift in the temple indicates that the bulls reaffirm control, with reclaimed and momentum support to the top. Trade4ddict expects BTC to return the local summit at $ 110,500 and may be broken above He – is.

If BTC erupted successfully, it can open the door to continue moving towards a new new area ever at $ 112,000. The structure is clean, the momentum is reset, and the market appears ready for the renewed payment higher.

Will it nourish the head and shoulder to collapse?

Abdul Basit Flow 3 Solix also take To X on the fourth of July to highlight that Bitcoin shows signs of an explosive step as it re -testing the main local level on the graph for 4 hours. After hacking the mirror level of 108,600 dollars previously, BTC is now reconsidering that region from the top, which is a re -test that can confirm new support.

The mirror level, which was a resistance, is tested for strength, and the price He grabbed it, indicating that the bulls defend this level with condemnation. The oud pressure structure in the form of an inverted head pattern is the configuration that makes the re -test more convincing. This configuration is often preceded by a strong outbreak, when supporting and tightening its highest levels.

Distinctive photo of Pixabay, Chart from TradingView.com

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