BITCOIN MONTHLY CLOSED BULLISH
$BTC Jumped 14% In May Despite The Global Tariff War. This Confirms That The Investor Are Looking At Bitcoin As Hedge Against Stocks.
Rsi Above 58 Suggesting That Bitcoin Bull Run Is Not Over And We Can See A Parabolic Move In Next 6-12 Months.
Trend Is Same As Previous Cycle. Difference Is Only That Market Have Matured And Instead Of Giving Banana Jump, Btc Takes Time For Consolidation.
Resistance On Monthly: $110,000
Support: $74,000
Expecting Target In Next 12 Month: $150k-$250k
Note: Monthly Chart Predicts Long Term Term Direction Of Asset. We Can See Some Correction But Overall This Is Bullish Reversal.