BTCUSD: $150k is next and may come faster than you think.

Bitcoin is vastly overbought on 1W (RSI = 88.615, MACD = 6893.200, ADX = 74.337) as it is running an incredible second phased rally since the start of the year. The 1W MACD is starting to diverge and it is a similar situation as on November 16th 2020. Bitcoin was still at the early staged of the new rally. If we place that rally fractal on today's action, we see that it feeds a pattern that goes all the way to 150,000. That is very close to the top of the six year Channel Up.

See how our prior idea has worked out:


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