Bitcoin Dey Face Critical Technical Test: Analyst See Bullish TK Cross, Imbalances and $270K Target
Dr. Cat, wey be big technical analyst, don warn say Bitcoin dey face important junction, as the weekly close on June 9 plus potential bullish TK cross on the Ichimoku chart fit determine the next big price move. Before, people bin reason say Bitcoin go fit fall back to $90,000, but Dr. Cat no believe dat one again because the stronger support levels for higher timeframe dey tight. For the short term, expect say price go dey volatile for the untested price imbalance zone between $102,600 and $106,300. The Ichimoku Chikou Span indicator still dey bullish, but the upcoming TK cross na serious thing—if Bitcoin no fit break new all-time high (ATH) soon after, e fit mean say momentum dey weak and the signal no go hold. People don also notice difference for BTCUSD and BTCEUR pairs, with BTCEUR dey perform worse, partly because dollar dey weak. For the bigger picture, the upcoming US Consumer Price Index data and the Federal Reserve meeting for mid-June fit affect market sentiment. Dr. Cat get speculative long-term price target of $270,000 based on Ichimoku Price Theory but e warn say this outlook get plenty uncertainty. The next 2–3 weeks dey very important: if Bitcoin fit break ATH, e fit confirm say uptrend go continue; if no, e fit mean say the market go cool down through Q4. Now, BTC dey trade near $108,783. Traders suppose dey watch key support levels, technical signals, and macro developments close as market dey approach this big turning point.
Bullish
Bitcoin dey near one important technical junction, as Dr. Cat dey highlight the upcoming bullish TK cross for Ichimoku chart as one key tin. The analyst no believe say sharp pullback go happen below $90,000 because higher timeframe supports still intact. Persistent bullish signals from Ichimoku indicators, untested price imbalances above $102,600, plus one speculative target of $270,000 dey strengthen the chance for sustained uptrend if Bitcoin fit break the all-time high anytime soon. But traders suppose dey alert for wahala and volatility around TK cross—the failure to break ATH sharp sharp fit cause some cool-down phase. Macro developments like US CPI and Federal Reserve meetings fit cause short-term noise but e no go change the overall long-term bullish outlook as long as technical supports stand gidigba.