Bitcoin’s Epic Battle for New Highs: One Candle Away from Glory 🚀
On the glorious day of July 4, CrypFlow, a voice of authority in the crypto community, shared on X that Bitcoin is displaying a remarkable resilience and technical precision on the chart. After finding its footing at the S1 support, Bitcoin executed a sharp bounce, reclaiming the R/S flip zone around $104,400, a level that has now become a battleground for momentum. However, Bitcoin encountered a formidable resistance at around $109,000, a level that marks the previous highest weekly close. The rejection, a clean technical retest of the $104,400 R/S flip zone, is now a new support, a textbook bullish sign, much to the delight of the bulls.