Cryptorphic

#BTC/USDT $38k on board. JUNE ROADMAP!! Explained.

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC followed our last update and held the $28.5k level which also happens to be the .618 fib extension considering the covid low and recent ATH.
Broke above the $30.8k level too!
Volume profile matches with all those pumps that happened in early 2021 and July 2021.
However, there are a few points BTC needs to fulfill like BTC needs to break above the $32k level.
Here's what I expect:-

With several choppy ups and downs in BTC, it's highly likely that it will hit the $41k level.
Breaking above the Blue channel with lower low and lower highs.
We need a new higher low that could happen If BTC breaks above the blue channel.
Secondly, BTC needs to hold the golden ratio level which is $38.5k

The chart is quite clear here, there's a high probability of this scenario playing out in the next couple of weeks.
What's important is HOW BTC reacts to the $38k to $42k level I am quite confident BTC will hit that level.

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Thank you


#PEACE

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