Make of this what you will.
Mark your calendars ladies and gents. I am the oracle.
Mythical 50/100 MA cross on weekly + Bounce off 0.68 fib = A very real possibility of big bounce or even moon.
Bounce off 0.618 fib on weekly timeframe + bullish divergence on weekly OBV + possible falling channel = MOON SOON! (or at the very least, a big bounce to save the corn from imminent death).
SELF EXPLANATORY! THE BEARS WILL BE SQUEEZED SOON!!!
Target Area: $6100-$5550
Bitcoin appears to be forming a massive cup and handle formation on the daily timeframe. This formation has been in play since early 2019. BTC is looking to re-test $4200, at which point it will be rejected back down to ~$4027. This will mark the completion of the handle, at which point BTC will shoot up into the $5000 area. Whether or not it will be rejected then...