BTC: Makaveli 🦍 Trader & April Dump(Can BTC loose 20k to 40k?)

Hi welcome to this analysis with Makaveli Trader and the BTC Bears incoming dump plan before the bulls can continue, this is only a pullback as the trend remains bullish on the higher timeframe(Monthly chart).

It will take Just one red monthly to change everything and weaken the bulls force on btc for a while, before the pump continues,

Currently even though BTC is at the daily channel support 52k to 48k area, My initial Target was 68k but if you read my last update on BTC, I warned about buying above 62k and why it can end up as an incoming bull trap if btc breaks 62k as a result that the bulls do not have enough buy force needed to keep going to hit my 68k target as a result , the tireless battle the buyers had to face with the sellers pressure at 62k lead to the break down back into the consolidation which only shows that 65k was nothing but a trap or fake out which could result to more catastrophic down bear candles especially on monthly chart, because the bigger picture lies in the monthly candle. the candle currently forming is a big threat to the bulls I don't care how far they have run, The bulls need a good pullback to continue this bull run to 100k

To understand this you need to look at the current monthly chart on BTC :
I talked about the April being the first red candle in my last analysis and already the signs of this monthly closing in red is high. If this happens then we are likely to see another red month next month after a bounce to probably 60k

Thanks for reading, Happy Trading.