XBTUSD Bitcoin long term

29 may 2020

Longer term view. This is a likely top area unless if we break out, which would signal a new bull run, particularly if we set a higher high than 10100. Otherwise, seems likely we retest the support areas of the XBTUSD triangle. Mid 6k's might form an inverted head and shoulders, otherwise, low 5k's are a possibility. Expect downturn in June and July unless if the present area breaks out above. If we dump here in the summer, later this year or early 2021 may be the beginning of a new bull cycle as the resistance trendline gets lower and lower.