Is it about time for 40K Bitcoin again?

Bitcoin / TetherUS BINANCE:BTCUSDT

amourification

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 😉

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