Are the good times here to stay for BTC? Not beyond $35,000, one trader warns.
BTC/USD 1-hour chart. Source: TradingView
July, by historical standards, looks even better — throughout its history, BTC price action has never lost more than 10% during that month.For CryptoBullet, however, “common sense” dictates that BTC/USD should fall below some key moving averages. “I can repeat what I said: $BTC can go to 35k , but this mid term bullish rally is coming to an end. Likely this month.”The concept of liquidity hunting in the low $30,000 zone nonetheless remains popular as a theory for price continuation.
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