Interestingly Bitcoin is trending above monthly trendline. This might be false breakout as it should not cross the trend but if it sustains this month I guess then new level will become 34650 as a support and resistance for shorter term will be 40-44k
Thats the power of perfect chart pattern and analysis. Bitcoin again dip from the perfect resistance . Now it should come down a bit and will stay there for some time.
If this follows on next month or 2. We will see 40-50k before next halving.
27250-34650 Is the range.
What others are thinking, don't know but i am counting on my chart.
Bitcoin will try and test the resistance again, and if it breaks this resistance which is around 35650 then we can see 40k in no time if it fails, it will drop to 27100-27400.
In my view as per the charts next 2-3 months it will evolve around the same price and then explode to the bullish side nd that will be authentic breakout.
What we are witnessing is a long due. But Bitcoin is exactly where a resistance came into place. I don't think it will survive here and to check the authenticity of this Bullish momentum bitcoin has to trace down.
Target as per my analysis is somewhere around :
27150-27400
Not a financial advice, but anlysis view of monthly chart.