Too many things lining up as in May 2021. Especially now, the stock market is unstable, If we see higher highs and new all time highs by this Friday and Saturday, I expect a dump on Monday.
Support Zones between 56-53k are to high to break, we also entering the bullish moonphase from today. From dec 4th we will see either a great sell off or a strong continuation of the bull market.
By combining all scenarios from the past and the current behavior of the market, my best bet is, that BTC will hit or will come near the 30k resistance zone again - and maybe even go beyond before the last part of this year's bull market starts.
As I wrote on my previous idea, I expected a big correction from 11th May. This correction developed in a good deal bigger downtrend as expected - still, the key dates for an upcoming down or uptrend remaining the same. I don't expect BTC aka the crypto market to drop into a bear market soon, at least not before December 2021. Take note of BTC's key performance...
no advice, educational content only.