Bitcoin – two only possible scenarios!

I am absolutely sure that one of these scenarios is going to plays out. I know that all of you tired of the current sideways.

Hello, everyone!

Today I want to make (almost) 100% forecast. I am absolutely sure that one of these scenarios is going to plays out. I know that all of you tired of the current sideways. I am tired too to talk everyday about the long trades, that market will show us the bounce.

Pink scenario

Let’s take a look at the BTC chart of the MEXC exchange. This is my basic scenario, in my opinion the most probable. The price slightly broke through to the upside the countertrend line. I am still not sure that this breakout is valid, but on the RSI we have already seen this breakout 2 weeks ago. If we will se the pump from the current price the bull trap will be formed very soon at our last target $35k approximately. After we will see the dump lower than $25k. The scenario invalidation is the trendline 2 breakdown.

Red scenario

To be honest I like this scenario even more just because here we will see the very strong buy signal, but I have already bought Bitcoin at $29k and don’t want to see the drawdown. If the trendline2 will be broken we will 100% see the lower low than $26k. Here we also have the Monthly S1 level which is very strong support. Also right here the bullish divergence will be formed at the RSI. In this case I expect the trendline test at $40k because in this case it is needed more price pump to form the bull trap with the greed state on the market.

In both scenarios $32.5k is the very strong resistance because this is the central pivot range for June. Watch out this level also.

Good luck!

Trade easy with Smart tools

Utilize AI-enhanced SmartBot for automated decisions and SmartTrade terminal for tailored manual trades, all in one integrated platform.

Similar blog posts

Hello, Skyrexians! We decided to find the crypto assets with the largest potential and the proper Elliott waves structure and found ARB which is still at the bottom but has

Hello, Skyrexians! Recently we have already made analysis on DOTUSDT before the dump, where pointed out that wave 5 to the downside ahead. Asset has finally reached the minimal target

Hello, Skyrexians! We hope you enjoy our yesterday Bitcoin analysis which is now playing out. Daily candle closed great, but this reversal is still unconfirmed. So, we are still in

Hello, Skyrexians! Yesterday morning we did a big warning that altcoins will drop again. We expected the dump on Monday, but it has been started the next hour after our

Hello, Skyrexinans! Couple of weeks ago we also warned you on the weekend that on the next week can start the huge dump on the crypto market and on altcoins

Hello, Skyrexians! Recently we have already made the analysis that ETH is printing the wave C inside the global wave 2 in this bull run. Today we will consider the