BTC 3-day .. Long Term Run Chart with GoalLong term BTC is still in a overall Bullish trend.
PA gets to a point where absorption of higher prices becomes exhausted, and a waiting period then begins before the next upward pulses.
Channel Lines, Wedge Lines, Graphics and anything else on any chart are just temporary Historic lines and will become broke at some point in time.
We see the Goal of "143k - 175K".
When this will happen....Nobody knows~~~however I guessed about May -Sept of this year 2024, when PA should start to make the long drawn out upwards ascend. Heck it could start to happen in March??
However today's World Politics could send PA down for a while, through the summer-fall 2024. I would rather see a long drawn-out trading range of "89K - 109K", while the current Politics settle down.
Who knows what ""Trump (Dump or Pump)"" world event is going to happen in the future. We might see 70k prices again.
Looking at PA bump it's head against the Top Channel line several times, I feel that to obtain those prices most everyone is expecting, PA "will need to" eventually break-out of the upper blue channeling line.
I placed some Time Frame PA action bracketing graphics in order to somewhat "Guess When" this breakout and new higher high PA might happen.
Use SL's and watch-out for the downside (Trump-Tariffs).
Good Luck !!