Bitcoin Analysis 5/7/22 Pt 3 (Bearish Megaphone Final Update)

BTCUSDT Perpetual Contract BYBIT:BTCUSDT

NeutronMan

Bitcoin appears to be ready to retest this Bearish Megaphone. The 6 HR 20 EMA is starting to look like strong resistance, plus the . 382 retracement could be a major area of rejection. What are your thoughts? The ultimate target of this pattern is $30k which is a major psychological level for most traders and Microstrategy since I think now their average BTC purchase price is $30.8k.

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