I do not expect us to move away from the price range from 48k to 66k, but it is surprising that despite all the negative news in the previous days, the price continued to move in large ranges?
The last month of the four-year cycle is usually epic so let's look at what happens to the price and how it matches up with a S2F model.
according to @100trillionUSD twitter account:
There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K
https://twitter.com/100trillionUSD/status/1406577006230245376so we will stop at 63K