377 Daily EMA acting as support for BTC
Bull pennant about to break
November to December - Price action plays withing the pennant
Late December to January - break out of the pennant, temporarily consolidate to support
January - slowly creeps upward to resistance, forms a bull pattern, probably a flag
Late January - Breaks out of flag and test $16,000 to ATH but fails
Early February - Consolidate 36-45% depending on how massive the movements are
Mid to Late February - Creeps to ATH and eventually BREAKS ALL TIME HIGH
CNBC REPORTS ON BITCOIN BREAKING ATH
Early to Mid March Peak to $34,000 - 54,000
Late March - Consolidate 60-80% depending on how massive the movements are
Bull pennant about to break
November to December - Price action plays withing the pennant
Late December to January - break out of the pennant, temporarily consolidate to support
January - slowly creeps upward to resistance, forms a bull pattern, probably a flag
Late January - Breaks out of flag and test $16,000 to ATH but fails
Early February - Consolidate 36-45% depending on how massive the movements are
Mid to Late February - Creeps to ATH and eventually BREAKS ALL TIME HIGH
CNBC REPORTS ON BITCOIN BREAKING ATH
Early to Mid March Peak to $34,000 - 54,000
Late March - Consolidate 60-80% depending on how massive the movements are