BTCUSD Perpetual Contract

35k BTC in June? The Bullish and Bearish arguments

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$BYBIT:BTCUSD

Can we see Bitcoin reach $35000 in June?
Or are we going to break down at the current levels?

There are arguments for both sides:
Delta is looking positive and we have reclaimed a previous Lower high. If we reclaim the Lower high at $32300, we could see this as a sign of strength.
Volume is decreasing while price is increasing. This could signal a reversal.

BTC has broken out of the $30500 resistance area and is looking to reclaim the Value Area High for the range, but TPO and Imbalance charts might be showing us what is ahead.

Have a look at the video for an in depth analysis of Bitcoin.

Not financial advice, DYOR. Papertrade before using real money.

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Safe trading.
Shawn

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