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Will BTC hit 40k soon ?
Bitcoin / TetherUS
Long
Will BTC hit 40k soon ?
By Babenski
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Updated
May 31, 2023
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May 30, 2023
BTC / USD
–Bitcoin bounced off from 25800$ in support with the parabolic curve i shared in my previous idea check here :
– We can also notice a bullish MACD cross over in daily chart, This is usually a good bullish signal for BTC
Just check last previous MACD crossover in march 2023 and November 2022 both followed by 40%-50% Bullish wave for BTC and all market
Based on the above my targets remains 36k-40k
Invalidation: lose 25k
Do you agree ? Yes or no
Share your opinion in comments section and don’t forget to support by likes (rockets) for more setups
May 31, 2023
Note
In small time frames we can see a falling wedge
For bulls side , we need upward breakout of the pattern
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