As much as I would like this rally to keep going, we can't ignore the charts.The momentum build up that pushed against the 20k resistance sent the price way up and it looks to be little over extended and I expect we see a retest of the bottom of the channel. That channel bottom looks to coincide with the 20k mark and if it proves to be support would be a good place to go long. Long term we could see 30k bitcoin in q1 2021 if the trend holds
*not meant to be advice but more of an observation
*not meant to be advice but more of an observation
Note
It appears the trend has broken to the upside possibly indicating a parabolic hype curve.
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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.