(Kitco News) - Monday, July 22—July bitcoin futures prices are firmer in early trading Tuesday. Sideways and consolidative trading continues amid the summertime doldrums. The sideways and choppy price action at higher levels is not bearish. A price uptrend remains in place on the daily bar chart, but the bulls need to show some fresh power soon to keep the uptrend from stalling out.  Bulls have the firm overall near-term technical advantage. See the important near-term technical support and resistance lines on the chart. Wyckoff’s Market Rating: 7.0 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish). 

 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.