BTC July 2020 UPDATE

BTC UPDATE:

Ref: My own Tradingview Chart Analysis

Now that the Office of the Comptroller of the Currency (OCC), officially announced that US Banks are now allowed to be a custodian of cryptocurrencies. What will it be for the Bitcoin Hodlers be?

Here are the possible scenarios:
a. Short correction is coming. filling the CME Futures Gap @ $9.6K range.
b. Go back up and test the $12K going to $14K range (For 2.618 Fib).

c. Have a huge correction @ $8.8K-8.5K down to $7.2K.

WORSE and BEST Scenario: Fill the 0.65-0.68 Fib down to $6.4-6.6K range and buy for a cheaper price :)

OCC News Source:
https://www.coindesk.com/banks-in-us-can-now-offer-crypto-custody-services-regulator-says

#HealthyMinds #NotYourFinancialAdviser