As always with BTC, it's good to zoom out from time to time, and revisit the BTC montly chart every now and then, to see the bigger picture.
We can now see several very bullish signs:
1. The monthly Bbands are narrowing, this means the likelihood for a strong move is increasing and increasing
2. The January candle was extremely bullish
3. The middle bband support was holding with a strong reversal candle exactly at support
4. The monthly Stoch RSI is exactly in the middle, making a sharp turn upwards
This together with the pattern having somewhat of a smiliarity to 2012 and 2016, both were years where halvings also took place, leads me to believe that BTC is preparing for some nice bullish moves in the coming
months.
The speed and aggressiveness of these moves no one can know, but the faster and more aggressive they are, the more it will accelerate the timeframe for reaching the ATH.
I drew that ATH at mid 2021, but it basically can be plusmimus 6 months, depending now on how fast and aggressive BTC will be. Let's wait and see how fast this will play out, but the monthly signs are looking extremely good !
We can now see several very bullish signs:
1. The monthly Bbands are narrowing, this means the likelihood for a strong move is increasing and increasing
2. The January candle was extremely bullish
3. The middle bband support was holding with a strong reversal candle exactly at support
4. The monthly Stoch RSI is exactly in the middle, making a sharp turn upwards
This together with the pattern having somewhat of a smiliarity to 2012 and 2016, both were years where halvings also took place, leads me to believe that BTC is preparing for some nice bullish moves in the coming
months.
The speed and aggressiveness of these moves no one can know, but the faster and more aggressive they are, the more it will accelerate the timeframe for reaching the ATH.
I drew that ATH at mid 2021, but it basically can be plusmimus 6 months, depending now on how fast and aggressive BTC will be. Let's wait and see how fast this will play out, but the monthly signs are looking extremely good !