Hello all, and thanks for supporting my channel.
Looking at BTUSD on the daily timeframe we can see that the price of bitcoin has broken out of the falling wedge patter and even hit the measured target at $21,520.
As the price of bitcoin remains trading inside this big descending channel, we can expect that bitcoin can go as high as the top of the channel which sits at 24.500 which will be another 15% move towards the upside.
This is my most bullish scenario for the current bitcoin price action.
Don’t FOMO in just yet because most of us are still waiting for the prices to bottom. This will happen sooner than when we all expect.
Thanks for reading, and stay tuned. Enjoy.
Looking at BTUSD on the daily timeframe we can see that the price of bitcoin has broken out of the falling wedge patter and even hit the measured target at $21,520.
As the price of bitcoin remains trading inside this big descending channel, we can expect that bitcoin can go as high as the top of the channel which sits at 24.500 which will be another 15% move towards the upside.
This is my most bullish scenario for the current bitcoin price action.
Don’t FOMO in just yet because most of us are still waiting for the prices to bottom. This will happen sooner than when we all expect.
Thanks for reading, and stay tuned. Enjoy.
Comment:
on the hourly we broke bearish out of the symmetrical pattern which has a price target at $18500