Bitcoin faces a key weekly close

Investors and traders continue to watch the weekly BTC price close for key signals, and despite disappointing hodlers for much of June, Bitcoin remains a solid bet on higher timeframes, where the outlook looks much better.

According to information socialized by William Suberg, "BTC's price action, some argue, is simply consolidating below all-time highs in what is classic bull market behavior, which can last for many months."

In Suberg's words, "An accompanying chart showed the RSI making lower lows, while the price was making higher lows. This, combined with the narrowing Bollinger Bands, could produce significant volatility."

Namely, "We are forming more bullish continuation indications at high market frequency. Once volatility finally builds we may send full on to over 90,000."

Finally and according to the popular Daan Crypto Trades, "U.S. equities hitting record highs and bond yields falling-are conducive to strong BTC price performance."

Cointelegraph. Bitcoin prepping breakout with '$90K+' BTC price target — New analysis. Link

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