If you excuse the corona anomali you will see Bitcoin is currently in a ascending channel and a symetrical triangle while also trying to break resistance. We should see a break of resistance as well as the triangle in the coming days. After which a continuation higher should occur to push BTC out of the channel and back to 20k. We will most likely see a retracement before continuing to a new all-time-high between 40-100k by the end of 2021. Bitcoin broke the previous triangle chart I published early which is a very bullish sign. We are ready for the next bull run friends HOLD ON TIGHT!
Comment:
Bitcoin has reached the top of the channel WAY faster than expected. A return to 11900 seems logical from here before continuing higher to break out of the channel. A break of the channel now is also very possible with the momentum behind Bitcoin right now.
Robert Warner
