BITCOIN PRIMARY & WEEKLY CYCLES
Bitcoin didn't follow the break and extend pattern in the monthly cycles like previous times, from the March breakout down into the April lows.
Bitcoin, instead moved higher once the resistance disappeared on Sunday.
We can see in the daily charts, Sunday failed to close below the daily lows, and Monday provided the perfect set-up for a move higher.
My view now is to follow C, up into 7948 and then support from 6914 in MAY, as it aligns with the HALVING of Bitcoin.
BITCOIN has been following the price action in the Index markets closely, and if you read my latest on the S&P and my view that it's heading lower, then BITCOIN might follow and continue lower.
However, unless it's below 6571, then it's up, but I wouldn't be surprise if it tests 6571 this week.