Bitcoin is testing the support trend line on the monthly if we hold 34K I believe we could be targeting the 3.618 fib extension again for a lower high and relief rally and possibly higher if we get a spot ETF approved. If we do I believe BTC will hit 80K region. If we don't see ETF approved I expect a lower high on the monthly and possible monthly head and shoulders with a target of about 20K on the bear market confirmation and pull back. I am ready for both scenario. Are you?
But fundamnetal anlysis must also be taken into consideration since the world economy is in a very shaky scenario and especially the US being in a most probable moment to get into recession it should be seen carefully. 🙏