$BTC Has been consolidating below this high timeframe resistance for about 6 weeks now. Meanwhile, most alts have steadily sold off and many are down a lot during this timeframe. It's why I have repeatedly said to wait for the resistance to actually be broken and held on a weekly basis, before getting too excited and calling for much higher targets. It's a resistance until it isn't. Don't get chopped up by trying to prematurely long the breakout because you see what can happen. Especially this cycle, things have taken much longer compared to previous cycles. Now, today we're giving this breakout another go so let's see what the bulls can do this time around.

Daan Crypto Trades
@DaanCrypto
07-01
$BTC Has made for a strong engulfing candle last week. But it still has to break the big resistance around this region. Once we start seeing weekly closes above this point, we can start aiming for higher.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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