BTC Possible Ascending Channel
We all know that the S2F and 4 year cycle models got broken this year. There's nothing to base any predictions on, so this is just a guess of what might happen.
Tons of people were posting about multi-year bear market just a couple of weeks back - it's still a concept rooted in everyone's brain. Everyone still expects it to happen after a sharp downturn, just like the bulls always expect a new leg up after an ATH is broken through. And Bitcoin loves defying expectations.
This is just a possible scenario, not really based on proper TA - it's too high timeframe, not enough touching points on the trendlines. Still, will be interesting to see if it plays out.
Tons of people were posting about multi-year bear market just a couple of weeks back - it's still a concept rooted in everyone's brain. Everyone still expects it to happen after a sharp downturn, just like the bulls always expect a new leg up after an ATH is broken through. And Bitcoin loves defying expectations.
This is just a possible scenario, not really based on proper TA - it's too high timeframe, not enough touching points on the trendlines. Still, will be interesting to see if it plays out.
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