Bitcoin

Bitcoin Analysis - June 29th 2024 
Price: $60,852 (down 1.36%)

Basic Technicals: Testing support at $60k. Oversold RSI and MACD hints at a bounce, but needs to break $62k for trend reversal.

Smart Money Concept: Testing Significant Low (Low that was broken but also quickly bounced back "sweep" and became the low that engineered the Break of Structure 

On-Chain: Dormant wallets (20k-40k BTC moved) could limit bounce or cause a dip. Monitor exchange flows for buying/selling pressure.

Prediction:
Likely— Short-term bounce to $62k.
Less likely— Break below $60k + high exchange inflows could see a drop to $56k.

Share with me if you have any other ideas. Open and Happy to discuss. Cheers!