Comparision to the previous cycle looks quite bullish.
As you can see there is clearly identifiable support and resistance. Looks like we break up soon.
Seems as interesting fractal that might repeat itself.
After sars-cov-2 previous long term trend line is intact again. Will it play out like this in the current cycle?
Looks to me like an ascending triangle in an ascending channel. Probably it breaks up.
A breakup from downtrend every cycle resulted in significant bull-run: 10k%, 5k%. Will we get now 2.5k%?
If daily closes above 250 we might have a nice start of a bull run :)
Is it an ascending triangle with 12800 target?
The overall outlook is bullish. Question is which path will it go? Will there be the pre-halving pump?
If the history repeats itself it might have been the last dump before the pre halving pump which might take us to at least 13k USD per BTC.
Is it going to be an inversed Head and Shoulders formation?
If we follow the multi-year trend line (green) we can see it was breached twice recently. If we continue touching it from the downside, we might get to previous ATH (20kUSD) end of this year (2019). People could sell some due to taxes reason end of this year. In such a scenario handle could be formed. When the handle finally breaks up over ATH we might experience...
I wouldn't be surprised if we now get a drop to 9k or even to 6k (comparision to exactly the same amount of time before halving in 2012).
Reversed Head and Shoulders and Rising Triangle - just a possibility.
If parabolic move continues like this would be an interesting scenario to play out.