Bitcoin's Bullish Monthly Close Sets the Stage for Upside Potential, with One Catch

1 min read
Source: The Daily Hodl
Bitcoin's Bullish Monthly Close Sets the Stage for Upside Potential, with One Catch
Photo: The Daily Hodl
TL;DR Summary

Analyst Rekt Capital believes that Bitcoin is poised for a bullish continuation after a strong performance in June, with more upside potential after breaking its psychological resistance at $30,000. However, a brief pullback to retest previous resistance as support is expected before the next leg up. Rekt Capital also suggests that Bitcoin dominance may be due for a correction, potentially allowing altcoins to make gains in the short-term before Bitcoin's dominance resumes its upward trajectory.

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