Bitcoin's price could reach $7850 to 8k if the measured move of an ascending triangle breakout pattern plays out. This would also complete an inverted "bart" pattern.
Aggressively, this could lead to the formation of a head and shoulders pattern which would point to 10k.
Aggressively, this could lead to the formation of a head and shoulders pattern which would point to 10k.
Comment:
On the other hand, it's not necessarily over yet. It's still possible to hit 71 again and possibly reach further into the upper 7000s. We still have enough fuel for another push.
So that's that, I guess. Strange because without the wicks, it wasn't an ascending triangle and should've never broke to the upside. An inverted head and shoulders would've only gotten it to 6k and price hit 7k.
I guess in the future I should be more conservative with my measured moves.