@moon333 9 June 2022 more from that month

How These Monthly Pivot Points Are Giving Clue For The Next Big Bull Run Of Bitcoin (BTC) https://youtu.be/hpu1GeZRqaE Hi dear friends, hope you are well, and welcome to the new update on Bitcoin . **Another Descending triangle:** On a 4-hr time frame, after breaking out a descending triangle Bitcoin has formed another descending triangle

**Another rejection:** On an hourly time frame, BTC is rejected by the resistance of $30600 and now it is possible that it may re-test the next support of $29800, and if $29800 will be broken down then the next support will be $29300.

**Monthly wedge and pivots:** On a monthly time frame, BTC is rejected by pivot point , Bitcoin had such rejection back in Jan 2018 and then there was a big drop. But this time Stochastic has entered the oversold zone and we have strong support of $28600 and support of a big falling wedge pattern. Therefore, until these supports are saved a powerful price reversal is possible.

**Conclusion:** On the short term, BTC has been rejected by resistance now it may test the support of the triangle as well. But on the long-term, we have strong supports, therefore, after some sideways trend, a big reversal move can be flashed soon. For the short-term buying or long-positions Bitcoin needs to be above the daily pivot point as well, therefore, we also need to wait for BTC to move above the daily pivot to start short-term trading again.