Im Calling It - BTC to breakout and hit ATH - target $105,000
Taking a step back and looking at BTC's chart and it's the most beautiful chart I've ever seen. First of all the biggest cup and handle in history. It's right there. Trading view's own indicator puts a target all the way up to 125k. That's a big deal! One that will provide the gasoline to get this fire started. Obviously, it's just an indicator but I think this one has significance, I couldn't draw a better cup and handle with pad and pen. People shorting will be asking themselves soon, "what the heck was I thinking?". Anyways, that's just one small catalyst. The fact is the ETF's have poured in massive amounts of capital into BTC since January. The fruits of this inflow have not truly materialized. There was a new all time high in March, yes, that was nothing. Capital tightness and high rates have kept the crypto sector down for long enough. Get ready folks, strap in, this rocket is leaving soon! LFG!
Note
We're up quite a bit and hit some resistance at 65k. Dipped down to 63k and everyone is freaking out. I told them it would dip, I've been using the VIX at crucial resistance levels, as a very good indicator as to whether a breakout is likely or not. So when the VIX started rising I warned all who would listen, no one did. BTC dropped as I expected. Then the VIX reversed as we came closer to support that we'd already tested a few times. I told them we'd get the bounce, still no one listened. And now here we are on are way back up, to hopefully 105k. 
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.