Now that BTC is above the Daily SMA 20 and EMA 21, BTC will likely continue the uptrend. BTC will likely reach the high of the 60-day cycle around 30 days after the low on May 12th (so June 12th). Levels that could correspond to a high are 2 trendlines, the SMA 600 (Daily), and SMA 200. When BTC closes below the SMA 600, a 4-year cycle bottom is reached before closing back above it, and that typically takes 6-12 months. On around June 7th, I expect the SMA 600 to cross above the SMA 200, enabling a BTC rejection off of the SMA 200 marking the 60-day cycle high.
Thesis: BTC will reject off of the SMA 200, marking the 60-day cycle high, and the highest level BTC will see for the rest of 2022.
Invalidation: Rejecting off of any other detailed resistance. These would likely mark 60-day cycle highs, but not necessarily the highest price for the rest of 2022. I would look for a SMA 200 rejection in the next 60-day cycle instead.
Thesis: BTC will reject off of the SMA 200, marking the 60-day cycle high, and the highest level BTC will see for the rest of 2022.
Invalidation: Rejecting off of any other detailed resistance. These would likely mark 60-day cycle highs, but not necessarily the highest price for the rest of 2022. I would look for a SMA 200 rejection in the next 60-day cycle instead.