Thou Shall Not Pass

Jul 29, 2021

Bitcoin (BTCUSD) daily RSI is overbought (we appear to be rolling over), and we're at 21EMA (w) resistance, as well as retesting the previous high. The bulls may struggle to breach this resistance level, setting us up for a leg lower toward 30k support as early as next week. Hold on to your hats as the stars align for a risk-off sh*tstorm in August across the asset classes...