Looking at 200k+ for the cycle top by August.
I'm so bullish on this dump.
Just subbed to LookintoBitcoin - we have a long way to go till Pi Cycle alerts for a post-halving top.
Looks likely to me both technically & on-chain. It won't burst right through though - likely will reconfirm 37k zone before continuation.
I like this upward momentum biased negative weekly candle. Good to reset some overheated indicators while keeping bullish structure intact. Bullish on the coming week.
Most likely scenario is further consolidation within the symmetrical triangle 3 to 5 more days.
Any consolidation above 21 MA is very healthy for creating a high volume base above 30k. No breakdown of any key levels (33k on Fibonacci, 32k on parabolic trendline). A weekly close around the current levels would be a great breather.
This cycle is its own beast, with shorter, less deep corrections. It is not a lengthening cycle nor a run with diminishing ROI. It's not as immature as 2013 which was a pure retail explosion of a few months nor an altcoin driven rally with no clear bearings of what's exactly is happening like 2017. We now have the best infrastructure and the most mature players...
& The parabolic trendline. Onwards!
The buy orders are for real.
We're strong and firm on a parabolic scale. I'm looking at 46k latest by February.
Probably we won't see below $36k - 46k you're next.
Two confluent Fibonacci levels upon us (one from current pullback from 34800 to 27700, the other from previous cycle top of 19600).