BTC Breakout to 5000
the next days (mid or end of the week) the BTC will leave the bear channel around 4000, if it happens earlier without a small correction it would be a massive long signal which could easily lead to 4400 within hours. fake breaks followed by a sharp recovery in the other direction lead to breakouts in the other directions quite often, that can be observed with a number of other currencies.
if some bad news happen (china or whatever), it's clearly possible that we stay bearish, price targets 3500 and 3250. however, if the BTC doesn't reach at least 4600 again within the next one or two weeks, it might be an overall short signal for the currency which could lead back to 3000 midterm, there is still a tiny chance that this might happen if everything bad comes together.
if some bad news happen (china or whatever), it's clearly possible that we stay bearish, price targets 3500 and 3250. however, if the BTC doesn't reach at least 4600 again within the next one or two weeks, it might be an overall short signal for the currency which could lead back to 3000 midterm, there is still a tiny chance that this might happen if everything bad comes together.
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