Btcforecast
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Given support at $30,282 remains in effect, good attempt on $31,010 yesterday but failed, last 4h closed poorly. 1D closed with bullish engulfing but current daily not looking good with 19h to close expecting good close if not a follow thru. Supports remain at risk.
BTCUSD 4June2023BTC medium term looks bullish. currently it could still be in the wave 2 period. although last week BTC managed to get out of the sideway area, but the range for prices to make corrections is still very wide.
looking at the fibo retracement area, there is a SnD area right at the 0.236 level (the price has dropped 76% from the last bullish swing) in my opinion this area is quite dominant, although in the medium term BTC looks bullish but it is likely that wave 2 is still not complete and it could be that the price is heading towards the SnD area.