Is it about time for 40K Bitcoin again?
Bitcoin / TetherUS BINANCE:BTCUSDT
A few hours to the weekly close and we are still range bound for Bitcoin .
The chart is printing very low buy interest and we dipped once again, however, if my EW counts are correct, we are due for a retest of the higher range bounds at 31K.
31K level was tested twice since we steeply dropped below the macro support at 27K a week ago, and this should be the third knock on that door.
Will it open?
Can the last week of May witness 40K Bitcoin?
Let’s wait and see 😉
