While the intermediate-term trend still remains clearly bearish, I still see the potential for a ~36% rally in /BRR (Bitcoin futures or GBTC) with buy signals to come on a solid break above this minor downtrend line & then the 21,400-21,800 resistance/first price target zone. As previously stated, although not an absolute necessity, the likelihood of a rally up to the first and/or second target zones will be much higher if the major stock indices can rally up to my intermediate (bear market rally) targets in the coming weeks to months. 60-minute chart below.
BRR 60m July 5th
Arrow breaks denote likely reaction levels/price targets with the first buy signal to come on a break above this 13.15ish resistance level on the 60-minute chart of GBTC (Bitcoin Trust) below.
GBTC 60m July 5th