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Bitcoin Update – 20 May

  • bitcoinastro369
  • 2 days ago
  • 2 min read

This last planetary move started on 10 May, which marked the high, and price moved down for almost the entire duration of the cycle.The expected turning point was around 19/20 May, but the actual bottom came slightly earlier on 18/19 May.Still:👉 The move played out correctly directionally👉 The whole cycle moved downward👉 And it provided very good trading opportunities and profits🪐 New Planetary MoveThe next planetary move:Starts: 20 MayEnds: 31 MayWithin this time window, we have two major dates:Important Dates22 May26 MayThe midpoint of this move falls around:25/26 MayThis is important because:👉 26 May was ALSO independently calculated using:Geometry and The Pythagorean theoremWhich makes it one of the strongest dates of the month.Current Structure: Over the last few days, Bitcoin successfully held the support around $ 76,400. Price is now attempting to move back above it.At the same time, we recently had a cluster of:🟢 Positive astrological aspects on 19th…which are helping support this bounce.Potential Pattern: At the moment, the chart looks like price may be forming a:Head and Shoulders Pattern

If this scenario develops:👉 Price may retest anywhere between:$78,400$80,700⚠️ Two Main Scenarios🔴 Bearish Scenario (More Likely IMO)If price gets rejected between:$78.4K$80.7K…especially around the next pivot on 22 May:👉 We continue downward👉 Very likely retest $74K👉 And potentially break below it🟢 Bullish Scenario (Less Likely)If price breaks and holds above:$80,700Then:👉 $84K–$86K remains possibleBut for now, in my opinion:➡️ This is the less likely path🪙 Ethereum UpdateEthereum also continues looking weak structurally.Key level:$2,060If ETH loses this support:👉 Very likely move toward:~$1,850🧭 Summary10–19 May move played out correctly downwardNew move starts today (20th)Key dates: 22 & 26 MayMidpoint around 25/26$76.4K support heldPotential H&S formingRejection at $78.4–80.7K → downside continuationAbove $80.7K → possible move to $84–86KETH weak below $2060Next several days will be critical.The reaction around 22nd and especially 26th should give strong confirmation for the next major move.

Bitcoin Astro

 
 
 

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