$BTC in bigger picture
Here's the monthly TF for BTC, means the bigger picture in action.
As far as seen and observed BTC has performed very well. As you have already noted that a lot of people been shouting about 200K and so. There is no doubt in it but I have a bit different opinion. I have projected BTC price in yellow lines to predict where will it go.
Yes, this is just an idea, and may not happen. But i have some confluences to support this idea.
1: With the monthly close we already have printed the double top and a rejection to go further up.
2: If we see another rejection for the month of June (Which is more likely to happen) This will further strengthen the confidence in this hypothetical analysis.
3: There are some levels which are very important and will be visited as I have already discussed about $73K in my previous article which was also visited in the previous drop.
I will leave it here and post this article and we will see if this is gonna happen or not.
Happy trading and don't forget to post your thoughts 💭💭 in the comment section.
