Watch for a breakout. Target approx 95K second half of next year.
Strong support at 42-43k level (20week MA and previous resistance) and two overhead resistance before new ATH towards end of the year.
Watch out for the break out of the descending triangle to the downside. Seems like my buy order at 28k will finally be filled in. Might even consider dropping it to 27500.
If we cannot break the overhead resistance quickly and end up going down then we are surely going to zero. Bitcoin is dead. Go home. :-))
Watch for breakout. Target 9.00
Watch out for a break out. Target is the altitude of the triangle from the top. Fought estimate of 150-155
Everyone is bearish and waiting for 40k. Which makes me think everyone cannot be right. Meanwhile Bitcoin seems to be in a descending wedge. I think this is how it may play out. Another rejection from the top wedge line and another leg down and possibly a long wick touching the 50 day MA and bounce back and close above the bottom wedge line. Then move up and break...
Once parabola is violated base of phase 3 is my target.
Having said that Bitcoin often breaks for upside from a rising wedge pattern