Also as a result of some overall red days on the tech markets, BTC is massively oversold at the moment. BTC was able to steadily build one stair to the other in the current upward trend, jumping over resistance lines and generating higher support levels.
I expect that BTC will be able to reach its all time high within the next 4-5 trading weeks and should be able hit 2.25-2.50 CAD within the mentioned period.
My prognosis is based, among other things, on the following hypotheses:
BTC is oversold based on Stoch RSI indicator
tech market will recovery and BTC will compensate its losses with massive gains
MACD shows the potential that a bullish pattern is approaching