Bitcoin has broken through $60,000.
As much as a significant drop was anticipated, it feels like the direction is now clear.
Currently, it’s at $57,000, but rather than plunging directly downward, there’s a high chance it might pause. If it touches near $60,000 again before dropping, it will gain considerable momentum.
As I’ve been predicting, the directionality has become clear due to the decline, but it’s unknown when the next major rally will occur or if there will be a significant rebound in the weekly chart. However, the downtrend is likely inevitable.
Let’s predict tomorrow’s price as an increase.
You might criticize predicting a rise in this situation, but I’m talking about a brief rise.
The May monthly chart has just started, and if the current decline is not just a temporary drop or sideways movement, it would be natural for it to rise slightly before continuing to drop.
So, I expect a temporary increase for tomorrow. The scary part is the significant downtrend, which may not reach $60,000 but could show a very brief rise before continuing downward.
Let’s watch what happens tomorrow.
