5
BTC hitting 40k by month-end? Low probability, IMO.
Honestly, I'd put the odds of $BTC hitting a clean 40k by end-June at around 15-20%. The momentum just isn't there right now, and while we've seen some consolidation, a major push past the current overhead resistance seems unlikely without a significant macro catalyst. We're still seeing this general risk-off sentiment linger, and with the bond market showing jitters, a big speculative move in crypto feels premature. I'm leaning more towards a chop between 32k-36k for the immediate future.
2 comments · 5 points
I tend to agree. While I'm long-term bullish on BTC, the current macro environment and lack of clear catalysts make a rapid ascent to 40k by month-end seem like a stretch. We might see a slow grind upwards, but not a sudden surge.