Based on my previous numbers on the 9th, April, I mentioned BTC require to revisit 3 prices before make a higher as early April retest was not done correctly . Now we will expect the following before main descending.
New Support = $73,318.04
$73,976.69
$74,812.49
$74,956.34
$75,202.79
$76,400.79
$76,864.45
$77,219.18
$77,447.20
$77,763.37
April Distribution = $79,774.24 Follow by $80,456.36.
From here prepare for Descending as market will slow down until Mid Jun for the following reasons:
1) During Jan Period BTC made some wrong moves, Expect the price to come down at some point to $39,428.43 & $40,305.19 & 42,045.79, $42,329.64.
(2) Feb did the same, the market was required to revert to the level of $43,888.67, $43,703.11, $48,079.89, $49,467.66, $50,774.75, $51,442.51.
(3) During March did the same, need to come back to the level of $66,115.79.
Conclusion:
The market never just drops to the lowest 39K range but, it will first need to come and finish the mid-cycle, meaning, during 3rd week of April, expect a drop to $50,774.75, $51,442.51 first, then will start again during 3rd week of June and will do one more cycle. Potentially, during quarter 4, 2024, or early 2025 BTC will face a repeat cycle and expect a drop as low as mentioned above.