Recap of my last chart:- 39.2k is not the local bottom, we need another low to form a bullish divergence and touch the lower trendline support with a potential low of $38600.

BTCUSDT printed a low of $38536, the price that I mentioned in my previous update on April 15 was $38600.
So far BTC has achieved what it needed to continue the bullish trend . However, it’s important for BTC to close above $42k soon, as $40800 has become resistance in LTF . IMHO, the resistance is likely to break because of the following reasons:-

1. Total mcap retested perfectly after the breakout.
2. USDT Dominance is bearish (I’ll share in the next post)
3. BTC Dominance is bullish (Although this factor changes from time to time-correlated with ALT/ BTC pairs)
4. Fractal Analysis:- Last two times when BTC bounced from the support trendline, BTC pumped almost 14%+. Keeping in mind BTC stays above the $40.8k level we can expect $44k BTC by the end of this week!

All we need is to flip that blue MA into support and stay inside the channel.

CONCLUSION:- BTC is likely to stay green this week pushing everything for a 15% to 30% gain in Altcoins and BTC reaching the $44k level.

INVALIDATION:- Close below this channel and will be brutally invalidated!

Please do your own research before taking any trade based on my charts.
I am just sharing what I see in the charts with a brief explanation. No bs.

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