#Bitcoin mid-range breakdown ?
Price has broken down below the mid-range.
Today’s pump has been fully retraced, and it now looks like a bearish retest on daily chart.
Important support level is near the range low, which is $60,500. There are two possible scenarios:
1) Reclaim of mid-range which could lead to a run back towards the range high and probably a breakout this time.
2) Retest of the range low one more time before we go higher.
Both the scenarios are bullish but if scenario 2 plays out we might go sideways for longer.
The overall HTF structure remains bullish.
We are still in a bull market, dips are for buying
