If we look closely we can see that the monthly and weekly trends are up, and that we have potential for a breakout in the coming weeks.
Right now, the weekly is in a triangle consolidation but the breakout should happen relatively soon.
We have 3 inside months in a row after the huge rally we had last year.
I will update the chart when the rally is confirmed, technically, the weekly might trigger first, to then confirm the monthly uptrend which could fire an explosive rally, and possibly a new all time high for Bitcoin .
With the block reward halving approaching, I suspect that might be the trigger for this rally.
Disclaimer: I'm holding long term long positions initiated from lower levels, as well as holding ethereum as a fixed % of my holdings. I have shared these entries with my signals group privately. See my profile for more information.
If we also break the monthly resistance, we could see a really strong advance.