As we step into the final week of April, tomorrow marks the closure of this month’s chart, which will likely give us a clear direction for May.
Many are predicting a rise, and this optimism is significant. However, I still anticipate a downturn. The charts are holding their expected patterns, and with the weekend behind us, it’s about time for some movement. There doesn’t seem to be a strong reason supporting a potential rise.
One piece of news, good or bad, could easily trigger a decline.
When forecasting, many like to present both sides of the argument, but I prefer not to hedge my predictions. From my perspective, expecting a downturn is the honest and correct stance.
The six-hour chart, which I hold in high regard, is also shaping up nicely, showing a consistent pattern.
Bitcoin is somewhat of a game. Whether finding patterns in the charts or the news, the goal is simply to predict whether it will rise or fall.
My prediction of a decline stems from these reasons.
Let’s wrap up April well and look forward to a fresh start in May.