BitcoinLong
BTC 21K
Updated
After breaking out from an one year descending trendline and after printing a diamond reversal pattern, price finds itself above the 4H 200 ema and getting supported. Above the 4H 200ema, Price is technically bullish. Currently price is forming a bull pennant. The measured move of the bull pennant is 20k or the 1.618 fib of the impulse.
The CCI is in an uptrend.
I believe that price can reach 21k or the 1.618 fib of the diamond reversal and 3.618 fib of the impulse which are confluent.
The CCI is in an uptrend.
I believe that price can reach 21k or the 1.618 fib of the diamond reversal and 3.618 fib of the impulse which are confluent.
Note
Second target reached, unfortunately later than predicted. 20k flipped to support.Note
Target hit.
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