In my previous Bitcoin coverage, I highlighted a critical level that had the potential to end the dominance of the bears since November of last year and give the momentum back to the bulls.
The level has been holding firm since June, and the bulls have moved up 21% this month.
If the price of Bitcoin ends bullish by the close of July, this could be the first indication of a reversal in the market.
However, there are no certainties, just probabilities, and so as investors, we have to be aware of all eventualities, a concept many overlook.
A bullish argument
The price at the time of writing is trading back above the weekly 200sma. In my previous articles, I have highlighted …
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