BTC $37K by mid JuneI think we have a 3rd move up to $37k, Looking at the 4-hour chart, you can see 2 almost identical legs up, I think we on now on a 3rd and final leg up to $37k, I then think MM will pull down to retest support at 35K to as low as 30K before going back up to HKEX:40 in the fall and then flat. January rally to soon to see as we officially enter the 4-year bull run cycle. All this hype talk about BTC could go way up will not happen until 2024. and even in 2024 I still don't see anything going over $75k tops, but I do see over $100k by the end of 2025 no matter what the world does other than Nuklear self-destruction. God speed.
Legup
BNS possible continuationWaiting for a possible second leg up, or small scalp only. Watch levels on the chart.
Good luck traders
The Bulls Are still in controlOriginally thought we would "Coil" a little bit longer but the bulls pushed through support at 1950. I do believe we have another leg up but we may retest that 1950 support before doing so. Remember that every resistance turns in to support once broken. Then I am seeing alot of resistance at 2150 as I suspect the bears will be liquidating anywhere from there up to around 2235 where the 50% Fib line measuring from the highs in April. ETH tends to obey that 50% retracement time and time again. My red arrows show my new estimated trajectory and the blue arrows were my original prediction
BTC Still Waiting For That Last Leg Up Nothing really new to say here. Just to remind everyone that a bull trap for BTC is still very likely on the horizon. For all that to happen it would be nice if we could hold 49.5k are first otherwise we could still get into further ranging.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BINANCE:BTCUSDT
BTC Weekly RSI BounceFrom the chart, we can see that every time BTC bounces of the 52.80 on the weekly it is followed by a large run upwards.
RSI looks like it has broken the symmetrical triangle, with a target of the 89.09 level.
We could reject of the 70.0 resistance for another re-test of the 52.80 before the last leg upwards.