A massive falling wedge can be see on the daily chart of Bitcoin. Right now price is sitting exactly on the support level of it and if 24-27k holds in the next weeks, then I expect higher prices to come in June and July to come for Bitcoin. Targets at least 40k in the next impulse.
The stocks bounced hard last days, while BTC is still lagging. Very likely the LUNA collapse was responsible for this lag, due to sentiment it created for the crypto investors (fear of losing money again). But soon if enough consolidation occurs at 24-27k smart money will not not lose the chance to move prices back up. For them the most profitable move they could pull is to pump BTC from here short term because that will liquidate a large amount of late shorts.
Time will tell if I'm right.
The stocks bounced hard last days, while BTC is still lagging. Very likely the LUNA collapse was responsible for this lag, due to sentiment it created for the crypto investors (fear of losing money again). But soon if enough consolidation occurs at 24-27k smart money will not not lose the chance to move prices back up. For them the most profitable move they could pull is to pump BTC from here short term because that will liquidate a large amount of late shorts.
Time will tell if I'm right.
King