BTC next target $37k

2023年6月26日

Last week was nice, and yesterday we witnessed the highest weekly candle close of the year. This week will also mark the monthly close, which is expected to show significant growth.

Since the beginning of the year, Bitcoin has been moving within an ascending channel, forming new HH's and HL's. The correction from 30k was highly predictable, and I have been mentioning it for the past two months. Now, I will share my outlook on future events, and this post will serve as an addition to my recent BTC 1D TF chart.

The 200MA and 200EMA have performed exceptionally well, and as I mentioned before, I anticipate further growth for BTC in the near future due to several reasons:

The sweep of the high at the 32k level ;
Liq. grab from the monthly FVG ;
The 3.618 level as the next Fib. target ;
The "Manipulation" stage according to PO3 ;
The fifth wave according to Elliot Wave theory ;
Additionally, there is a MACD Bullish Cross.

Remember - Dips are for buying! In the near future, focus more on long positions rather than short ones !
Further updates will be provided as new developments unfold !