Looking at key horizontal/diagonal support and resistance shows that we are reaching a critical turning point as the bear market winds down. Going above 7,500 right now is extremely bullish, while getting rejected there could be seen as equally bearish. The following week could be absolutely critical. My preferred play here is short a daily close below the green...
This chart shows the trajectory of BTC over the next 16 months if it were to hit 100k.
Tons of possibilities. With all the new money and attention in crypto, not many of them are bearish. So pick your favorite path down logarithmic lane.
Based on past performance, I made an educated guess about future bounces within our long term channel.