Scott Melker’s BTC Price Analysis — Will Bitcoin Go Up or Down?

• Crypto analyst Scott Melker, The Wolf of All Streets, published his take on BTC.
• Melker notes that there’s a potential bullish divergence, coming out of oversold.
• He also mentioned that he is waiting for a retest of the 40k – 42k area.

Prominent technical analyst Scott Melker, dubbed as The Wolf of All Streets, recently shared his analysis on Bitcoin’s price action. He published a series of tweets to see how BTC may perform in the near future.

Chart 1:

$BTC

Ascending channel breakdown with a dip into 4-hour supply was likely, as I discussed on my video and in the newsletter yesterday.

This is a reasonable place for a bounce if we are going to see only a small correction. pic.twitter.com/BLxKfR7iSm

— The Wolf Of Al...