BTC has made another leg down as the Bulls were unable to hold 35K. The sell-off that has soon followed pushed the price back down towards the Support Level around 30K, but the price didn’t make its way down there (at least for now) as the Bulls have stepped in and defended the previous low around 31700$ that was established on the 8th of June. The Bulls will have to defend this level if they want to prevent the Bears from inflicting another devastating blow to BTC which could have the potential to send the price below the important 30K Level. Join our Free Group here for more: https://t.me/eliteelliott

16Upvotes
3Reminds
thumb_upthumb_downchat_bubble

More from Crypto Elite Elliott

The Bulls have once again failed to turn 38K into Support which has allowed the Bears to initiate an attack and force BTC back below it.

73 views ·

ETH got rejected from the previous high of around 2620$ and made its way back to the 2525$ Level, which has failed once more to provide Support. The Bulls will have to reclaim this Level and turn it into Support if they want to have a chance of pushing ETH higher, however, if they fail and the price drops down and the low around the 2300$ area gets taken out, then the probability of ETH creating another Lower Low would increase significantly. Join our Free Group here for more: https://t.me/eliteelliott

75 views ·

The Bulls could not keep up the momentum as BTC has seen yet another rejection from the 41K area and now it is on its way back down towards the 38K Level. In the past, this level has failed to provide a floor under BTC on many occasions as the Bulls were unable to flip it from Resistance to Support. If they fail again, then the price could fall back into the Descending Channel which would be a bearish sing. Join our Free Group here for more: https://t.me/eliteelliott

54 views ·

More from Crypto Elite Elliott

The Bulls have once again failed to turn 38K into Support which has allowed the Bears to initiate an attack and force BTC back below it.

73 views ·

ETH got rejected from the previous high of around 2620$ and made its way back to the 2525$ Level, which has failed once more to provide Support. The Bulls will have to reclaim this Level and turn it into Support if they want to have a chance of pushing ETH higher, however, if they fail and the price drops down and the low around the 2300$ area gets taken out, then the probability of ETH creating another Lower Low would increase significantly. Join our Free Group here for more: https://t.me/eliteelliott

75 views ·

The Bulls could not keep up the momentum as BTC has seen yet another rejection from the 41K area and now it is on its way back down towards the 38K Level. In the past, this level has failed to provide a floor under BTC on many occasions as the Bulls were unable to flip it from Resistance to Support. If they fail again, then the price could fall back into the Descending Channel which would be a bearish sing. Join our Free Group here for more: https://t.me/eliteelliott

54 views ·