Bitcoin May 20th-26th Outlook

Last week we saw price push above our daily swing high at 67,258 and reject over the weekend. Let’s take a look at what I’m expecting this week to bring.

I want to see price push up Monday and/or Tuesday and run into the daily fvg at 68k before rejecting and continuing down. If that happens, I would expect the most recent daily fvg that was created to be low resistance having price push through and invert it.

If we get a move to the downside at the start of the week then I would want to see that same daily fvg support price with a push up into the 68k area toward the end of the week.

Seeing as price took daily external range liquidity and rejected without pushing into the daily fvg at 68k makes me think that we will see price revisit that area one more time before continuing down where I would expect it to draw to atleast 56k-51k.

Price has pushed straight through the Daily FVG and closed above. Looking for this to invert and hold with a further push above all time highs as the next draw on liquidity.