So they say bitcoin must close below 42k this month in order to rise higher and create a new ATH.
Let's annalize the risk involved in this statement...
The ultimate question is, will BTC fall to the 42k zone? Honestly, if you're going to check the chart, the only bearish signal you can find is the double top in the daily chart. However this pattern might have been exhausted when BTC after a quick dive, smoothly bounced back to the 66k zone.
More over the recent daily KDJ stochastic oscillator suggested that the recent sell off is not that bad. Yup, the sell volume may not be good enough to bring the price lower. It seems like, someone might have just market sell a few of his BTC stack.
So to answer the question, No 42k is not a BTC target if you check the chart. So for the mean time, buy the dip!
FOLLOW for more.
By the way, if you're still looking for a low cap token that can possibly go x1000 this bullseason, do check out PITBULL.
