BTC Price Action Analysis
I can see two let's say possibilities:
A peak of the current uptrend at 3rd of May and then a slow downtrend until 19th of May.
Which then I'll be expecting to see a shift to the market structure. Either a reversal or an acceleration.
Can't really tell if I don't see the upcoming days how they'll go.
I do know tho based on my analysis so far that a peak for BTC would be around $91,000 - $93,000
Not expecting BTC to pass this price range.
Also IF BTC manages to pass this price action, the altcoin season would start.
I can see this level as really big and important resistance that exists on similar levels to alt coins.
Example on photo below.
Green wick is from BTC - orange line is the resistance that needs to overcome so altcoins can go on the "next level"
Second photo is from an altcoin.
If my theory is right, once BTC passes this difficulty some alt-coins will do it as well automatically.
Last but not least in order for my prediction about the dates I've mentioned for the BTC to be correct and as close as possible.
BTC has to close below $87,200
Ideally it'll close below or really close to $86,400!
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