Some say it is a Bull Pennant and others call it a Bull flag. Whatever it is I am leaning more Bullish Long term.
Upsides as to why this could play out?
1) The halving.
2) Regulated Markets are under going a Pandemic and traders have to trade and eat so why not have them move over to Bitcoin lands unregulated market and make some money until the stock market figures out what the hell is going on.
Downsides to why this could not play out?
1) We are in a Pandemic.
2) How will the pandemic effect the software and hardware industry ultimately hindering miners from being able to buy the equipment they need to mine Bitcoin faster and efficiently?
3) The low hanging fruit from HODLERS disposable money will not be readily available to the HODL community because HODLERS are not working as a result of the Pandemic.
Upsides as to why this could play out?
1) The halving.
2) Regulated Markets are under going a Pandemic and traders have to trade and eat so why not have them move over to Bitcoin lands unregulated market and make some money until the stock market figures out what the hell is going on.
Downsides to why this could not play out?
1) We are in a Pandemic.
2) How will the pandemic effect the software and hardware industry ultimately hindering miners from being able to buy the equipment they need to mine Bitcoin faster and efficiently?
3) The low hanging fruit from HODLERS disposable money will not be readily available to the HODL community because HODLERS are not working as a result of the Pandemic.