BTCUSD Mid-Long Term Projection

3 May 2023

Despite recent pullbacks, price has been pre-dominatly bullish these past few weeks.

On the daily timeframe, price is showing signs of a bearish reversal with the weekly sellside target at 26509.99 being the next major draw on sellside liquidity relative to where price currently is.

If we see price take out this low at 26509.99, we can anticipate a bullish continuation towards the next major draw on buyside liquidity at 32382.96.

Depending on the price action around this high (i.e. agressive buying activity), we can anticipate a more longer-term bearishness that could see price falling towards 15629.25