Bounce to 200D MA, break 50W MA and find support on 200W MA
Update: I updated the earlier idea from July 25th with an adjustment of the moment the 1D 200MA would be reached for the first time.
Based on earlier and similar situations I expect Bitcoin to bounce to the 200D MA, after which it will return to the 50W MA. The 50W MA will be tested with some sideways movement and will eventually fail, after which Bitcoin will go to lower regions and find support on the 200W MA.
The price at which Bitcoin will reach the 200W MA will probably be around the 2017 ATH, with a wick below it, so around 19-19.5k.
Based on earlier and similar situations I expect Bitcoin to bounce to the 200D MA, after which it will return to the 50W MA. The 50W MA will be tested with some sideways movement and will eventually fail, after which Bitcoin will go to lower regions and find support on the 200W MA.
The price at which Bitcoin will reach the 200W MA will probably be around the 2017 ATH, with a wick below it, so around 19-19.5k.
