Bitcoin Daily Update | Bitcoin BTC Price Prediction 2021 #shorts

5 Jul 2021 · 1 min

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In this YouTube short, The Art Of Crypto provides a concise technical analysis of Bitcoin's daily chart on July 5, 2021. He outlines the recent price structure, noting a swing low, swing high, followed by a higher low, higher high, and another higher low, but warns that a first lower high may be forming. He states that for Bitcoin to stay bullish it must break above the $36,000 level by the end of the day; otherwise the bullish trend could be invalidated. The presenter expresses a personal bearish view, citing the Volume Profile Visible Range (VPVR) indicator which shows significant trading volume around $32,500, and argues that institutional traders typically sell in such conditions. The video concludes with a typical call to like, comment, and subscribe.

Chapters

Bitcoin daily update. On the daily chart, you can see that so far this is a swing low, this is a swing high, and then we formed a higher low, a higher high, a higher low. But at the moment, it seems that we're about to form our first lower high in a while. That means in order for Bitcoin to remain bullish, we would have to break above this level right here at $36K by the end of the day if we want to continue to remain bullish. But personally, I think we're going down. If we bring up the VPVR indicator You can see that there is a lot of volume down here at $32,500. And if you know anything about how institutions like trade, you know that we're going down. For more videos like this, chew, drop, and subscribe.