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Bitcoin Rejected at the Green Zone

Written By: ChartChamp

June 20, 2024

BTC just formed a rejection at the green zone, which is not what I want to see. However, I think we will still trend up despite this initial rejection. BTC needs to start trending up later today, and I will provide another update in a few hours. I posted my forecast for the remainder of 2024. I don’t think we see anything exciting for the rest of June, BTC is likely to have little upside and sideways price action until the June monthly candle close. I think we see the start of a strong rally in July, and a break above the $73k resistance level in July to kickstart the bull run.

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