BTC - What to expect *BULL RUN*
Updated
BTC as managed to break free from its 7 month downward consolidation after creating a bull flag.
Drawing a fib from the start to the end of the 2019 bull run, we can see that BTC retraced and closed perfectly on the 618 retracement line (month chart) before catapulting to where we are now.
What I expect
I now expect BTC to test the bigger resistance trend line at a bare minimum.
If TA holds true, I also expect BTC to break the resistance line to reach $16600, and if there is enough momentum, create a new high.
Drawing a fib from the start to the end of the 2019 bull run, we can see that BTC retraced and closed perfectly on the 618 retracement line (month chart) before catapulting to where we are now.
What I expect
I now expect BTC to test the bigger resistance trend line at a bare minimum.
If TA holds true, I also expect BTC to break the resistance line to reach $16600, and if there is enough momentum, create a new high.
Note
Note
retest trend line. next target around $12,000
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.