BTC $73k by summer?

BTC has been quite bullish but I think it needs to retest $36k support first. Mercury retrograde is often connected with a huge pump and as you can see on the chart it is coming up in May.

New Moon and Full Moon usually come with a major trend reversal and New Moon is in 2 days.

Kommentera:

The volatility we are seeing in many sectors right now is influenced by Mercury retrograde which begins on Tuesday. The remarkable pump and dump earlier this week was a combination of Mercury retrograde shadow period as well as Uranus (rules tech and BTC) conjunct the Sun.

Mercury retrograde often starts with a big dump followed by a much larger pump. Despite the extreme fear and bearish sentiment, I wouldn't rule out a surprise pump for a few weeks starting around Tuesday. Maybe some unexpected news that lifts the markets again before crashing harder.