BITCOIN $67,000: Ready to crash down to below 30K
Bitcoin is continuing its macro re-accumulation phase between 72-60k.
The W macd is negative, which is indicating a possible longer consolidation period.
Price still remains above the W21ema, currently at $61,100.
Bulls are still in control of the macro trend.
However, bulls need to continue to support the $60k level, and avoid a monthly close below $60k in June.
On the other hand, a monthly close above $72k could seal the deal for a macro bullish continuation.
The W macd is negative, which is indicating a possible longer consolidation period.
Price still remains above the W21ema, currently at $61,100.
Bulls are still in control of the macro trend.
However, bulls need to continue to support the $60k level, and avoid a monthly close below $60k in June.
On the other hand, a monthly close above $72k could seal the deal for a macro bullish continuation.
