June 11, 2026

Bitcoin Long Potential (Daily)

Bitcoin Long Potential (Daily)

Bitcoin Long Potential (Daily)

Bitcoin Long Potential (Daily)

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
zakkh333


Bitcoin Long Potential (Daily)

Now that BTC is above the Daily SMA 20 and EMA 21, BTC will likely continue the uptrend. BTC will likely reach the high of the 60-day cycle around 30 days after the low on May 12th (so June 12th). Levels that could correspond to a high are 2 trendlines , the SMA 600 (Daily), and SMA 200. When BTC closes below the SMA 600, a 4-year cycle bottom is reached before closing back above it, and that typically takes 6-12 months. On around June 7th, I expect the SMA 600 to cross above the SMA 200, enabling a BTC rejection off of the SMA 200 marking the 60-day cycle high.

Thesis: BTC will reject off of the SMA 200, marking the 60-day cycle high, and the highest level BTC will see for the rest of 2022.
Invalidation: Rejecting off of any other detailed resistance. These would likely mark 60-day cycle highs, but not necessarily the highest price for the rest of 2022. I would look for a SMA 200 rejection in the next 60-day cycle instead.

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