BTC/USD has signs that would make us think that the price can reach 43k! as you can see in low time frames such as 1h the price is in an ascending channel. now the price has touched the bottom line of this channel so there is a strong chance that the price would start to increase from this point! also don't forget about MACD . as you can see the MACD line (blue line ) is about to cross the signal line (orange line) this is also a bullish signal as well! if bad fundamental news don't ruin this situation the price should reach 39k because the middle line of this channel is right on 39k and after that if the price would continue to increase,there should be no problem for it to reach 43k!
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Thank you for seeing idea . Have a nice day and Good luck
Whatever pattern it is (pennant, channel...) it formed from a down trend so it's bearish pattern and thus we still bearish for the mid term at least (still long-term bullish). We may see 30k-25k in the coming weeks when the next monthly candle starts to form.
nguyenhhu
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Congrat u completely wrong prediction kkkk
flavc
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thanks a lot for your REKT
FucekBoyTrader
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20k is coming
benjo93
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I was hoping this would play out, nice analysis either way.