BTC to retest $40,000

31 Mei 2021

Currently Bitcoin is in a falling wedge which is a bullish pattern. We are also nearing $34,250 support that I was using back in January 2021 on the big run over 40k. It looks like we are starting to find some support and reverse, the 1D chart is extremely bullish. I think we will break out of the falling wedge within a few days, up till June 11th. We can probably go as low as $32,000 but I believe we will run to 40k. I'm not sure yet if we will break $40,000 yet or reject the price and move down a bit. For now I am bullish on just the short term, but things are looking great!