BTC long term bullishness
Updated
Chart elements:
Multiple consolidation structures broken. If it closes above 14000, the only resistance zone left is the 20000 all time high.
Fundamental elements:
Supply shock (after 2020 halving)
Current institutional buying (microstrategies, square, etc)
Inflation (mass usd and currency printing around the globe)
- Election results regardless of a biden or trump win favors the fed thus favors assets
Seasonal bull cycle is coming (1st quarter of the year i.e. 2021)
Multiple consolidation structures broken. If it closes above 14000, the only resistance zone left is the 20000 all time high.
Fundamental elements:
Supply shock (after 2020 halving)
Current institutional buying (microstrategies, square, etc)
Inflation (mass usd and currency printing around the globe)
- Election results regardless of a biden or trump win favors the fed thus favors assets
Seasonal bull cycle is coming (1st quarter of the year i.e. 2021)
Trade active
Breakout from largest consolidation (symmetrical triangle) in btc's history. Target price: 26000usd
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