35k BTC in June? The Bullish and Bearish arguments
BYBIT:BTCUSD
Can we see Bitcoin reach $35000 in June?
Or are we going to break down at the current levels?
There are arguments for both sides:
Delta is looking positive and we have reclaimed a previous Lower high. If we reclaim the Lower high at $32300, we could see this as a sign of strength.
Volume is decreasing while price is increasing. This could signal a reversal.
BTC has broken out of the $30500 resistance area and is looking to reclaim the Value Area High for the range, but TPO and Imbalance charts might be showing us what is ahead.
Have a look at the video for an in depth analysis of Bitcoin.
Not financial advice, DYOR. Papertrade before using real money.
If you liked this idea, please give a thumbs up and follow.
Safe trading.
Shawn
Can we see Bitcoin reach $35000 in June?
Or are we going to break down at the current levels?
There are arguments for both sides:
Delta is looking positive and we have reclaimed a previous Lower high. If we reclaim the Lower high at $32300, we could see this as a sign of strength.
Volume is decreasing while price is increasing. This could signal a reversal.
BTC has broken out of the $30500 resistance area and is looking to reclaim the Value Area High for the range, but TPO and Imbalance charts might be showing us what is ahead.
Have a look at the video for an in depth analysis of Bitcoin.
Not financial advice, DYOR. Papertrade before using real money.
If you liked this idea, please give a thumbs up and follow.
Safe trading.
Shawn
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.