There is an uptrend coming from the $2 level. According to this trend, the target of bitcoin is between 200 and 300 thousand dollars. Another trend has emerged within this trend, and according to this new trend, if the 30 thousand dollar level is broken, the target is 16 thousand dollars. If the $70K level is broken, the target is $200K. This target is a long-term...
Momentum decreased and there is negative divergence.
I think, it will get a strong reaction from 490$ - 500$ level. Its first goal is own ath. If it hits its old ath, a new bowl formation will form and its new goal will be 800$.
The rise came when flag had broken. It's goal was completed. Bowl formation was completed too. New goal is 500$.
If the resistance breaks, a big rise can come.
BTC has passed psychological resistance of 50k. After it passed resistance of 54.500k, it may grow to 58k and then its new goal will be 68k. If it can't pass to 54.500k, then it will be stall inside the green channel for a while.
If matic broke the trend line, it would be grow.