Bitcoin Has Less Than 11 Hours Left Before July Close: Bullish August Setup in Focus
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With under 11 hours before July's monthly candle closes, traders are watching whether Bitcoin can finish above June's CRT range, since a close inside that range would strengthen a bullish setup for August under the Monthly Candle Range Theory. BTC trades at $63,640, down 1.96% over 24 hours and 2.1% over the week but up 8.8% for the month, and while August is seasonally weak this positive monthly performance could bolster crypto market sentiment and adoption.
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See what traders are focused on
- Bitcoin has less than 11 hours left before July’s monthly candle closes, with traders watching closely.
- A close inside June’s CRT range could strengthen Bitcoin’s bullish outlook heading into August.
- August has been seasonally weak, but a strong July close could challenge that historical trend.
Bitcoin has less than 11 hours before July’s monthly candle closes. Traders are watching whether BTC can finish above June’s key support range.
While much of the attention has been on short-term price movements, the monthly close could shape Bitcoin’s outlook for August under the Monthly Candle Range Theory (CRT).
At the time of writing, CoinMarketCap data shows Bitcoin trading at $63,640. The asset is down 1.96% over the past 24 hours and 2.1% over the past week. However, Bitcoin remains 8.8% higher over the past month, keeping July on track for a positive monthly …
Read The Full Article Bitcoin Has Less Than 11 Hours Left Before July Close: Bullish August Setup in Focus On Coin Edition.
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