Using the line chart to make it very clear and simple. BTC is in a large pennant formation with the breakout coming early next week. The breakout will take the price to either 60K or 24K. It can go either way -- especially because it's a symmetrical triangle -- but given that we are in a parabolic uptrend we have to see this as a bull-flag pennant and the bias has to be to the upside.
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.