While a lot of analyst see the bearish head-and-shoulders pattern forming, I can also see a possible Bullish Pennant forming in the daily Bitcoin chart. If it plays out the target is around $140,000.
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Breakout (or fakeout) of the Bullish Pennant on the #bitcoin 
BTC BTCUSD daily chart! Let's wait for the close of the candle and possible rejection of the breakout. Time will learn. Mid-term (1 or 2 months) price target remains ~$140,000.As always be careful, a HARD rejection to the downside is always possible to scrape some extra liquidations below the neckline ($88,000)! Look always at both scenarios.
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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.