On Wednesday, July 21st, we finally got a green candle on the daily, today on Saturday we're $2000 away from a weekly green candle which can form a hammer candlestick, this indicates that buyers outnumber sellers. Next week (week 30) must close above this week's close, this will confirm the trend reversal and opens the chance for a surge back to 40k.
Check the weekly chart, we're still waiting for a green dot.
Great news this week: greener BTC mining, Tesla reconsidering accepting BTC, ETH scaling, and ADA smart contracts. Will these innovative solutions fuel the bullishness and does the delta variant keep people from going on vacation, keeping the trading volumes high in August?
Check my post next week!