Bitcoin has surged nearly 30% in eight days, from $62,500 to $81,261, bringing it right up against the $82,788 ceiling that marked this year's high back in May.
The supply zone that collapsed back in May sits right where this new high formed, and while price made a fresh peak, the force driving it actually weakened.
So a decisive move above the May high of $82,788 would prove this call wrong, which is why the stop sits just above it at $83,150.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
