I'm updating my recent chart on BTC because we haven't fallen to new lows yet which makes that 54K outcome less likely.
I think the most likely path from here is to continue higher until May 29th, the pivot on the chart. I think the most likely price level we test is that 72k-73k level.
Then we should see a pretty large dip after the 29th down to the $61-62k level or 57k-58k level as worst case scenario.
After the 8th of June, we should continue higher to reach our final top of 76k-78k. Leaving one more resistance at 81k on the chart incase we see a larger move than expected.
Note
Market looks weak, think we head lower here.
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It is possible that the market bounces here or chops here, and then we fall on Wednesday. Was initially thinking Wednesday might be the low. If that outcomes happens, then we should bottom before the 17th.
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Still chopping. Don't think the sustained move down comes until Wednesday now.
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