Bitcoin High timeframe analysisBitcoin / U.S. dollarBITSTAMP:BTCUSDjadahunterLots of bullish pressure coming in on the 4hr time frame we have created somewhat of a double bottom and then a strong break of structure to the upside. if we can get some strong breaks and closes above 64250 with no rejections then we can expect price to continue bullish up to around 66500. after that we would need to wait and see how price truly reacts around 66500 because that could be the ultimate bullish turning point. we are still in a overall bearish trend however price is making higher lows and breaking structure. i would like to see bitcoin retest back to around 70k before end of summer but overall we could possibly sell lower to tap those 50s according to the daily time frame. Monthly time frame is extremely bearish and in favor of selling down to around 53ish. we can more than likely catch some bullish moves as price corrects its way down to 50k. I'm waiting on that reaction after price taps around 54k.