We will traditionally start the new week with a fresh Bitcoin forecast.
Although nothing has changed dramatically since the publication of our previous forecast. There we published information on how the price of BTC changed on a monthly basis starting in 2013:
So, during the past week, buyers diligently close every daily candle above the critical point.
The probability of the formation of a “Double Bottom” pattern is emerging
The target of working out such a pattern is +/- 32000 per Bitcoin.
Secure fixing of the BTCUSD price below the critical point is carte blanche to continue the downtrend.
An indicator was also added to the chart, which shows the delta of trading volumes in a specific price range.
As of 09/05/22, the bias towards purchases is +1%, and this includes the volumes of the strait on 06/13/22.