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Blockchain Weekly - Issue No. 15


BlockHash Research

June 28 · Issue #17 · View online

Covering the latest topics that move the market, chart signals that you should watch, the best low cap crypto projects and much more!

Thus far, not much has changed! Bitcoin has remained in a $10k range for over a month now and not a lot seems to be moving the price. However, this will be the beginning of a new uptrend or downtrend the longer we stay here. I do think it’s likely that we stay sideways through the Summer, but who knows!
If you want more breakdowns beyond Bitcoin, sign up for the Blockchain Insider and listen to me discuss these things in more detail. You can’t put a price on good analysis in crypto. The more you know, the better!
With that said, let’s look at today’s Bitcoin chart action:

Bitcoin (BTC)
Bullish Prediction:
Looking at the Bitcoin chart this week, we are still in the month long funnel between $30k and $40k. While Bitcoin has moved both up and down on those marks, it hasn’t closed a bar higher to confirm a new trend. We need a bar to close above $40k if we want to see a new trend occur. If not, we may remain sideways most of the Summer.
Bearish Prediction:
Same goes for a bar close below $30k, which would likely take us lower in price. But there is no initial sign that this will happen as of yet. We are down over the last 3 months, but way up on the year!
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Stay tuned for the newsletter next week and thanks again for being a subscriber! Feel free to email me with any questions or suggestions you may have. Have a killer week trading!
Brandon Zemp
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