Bitcoin Breakout To 48k - $50k Golden Pocket Target

As I've been saying for months, once Bitcoin broke and closed above $32k price would increase quickly.

The Head & Shoulders pattern that was forming was also invalidated, so the new uptrending channel is intact and headed to the Fibonacci Golden Pocket range of 48K -$50k potentially in 2023.

We'll likely see profit taking pullback here.

But then we're headed firmly higher going into the halving.

I'll post another chart next showing my 'Likely, Probably, and Possible' targets for Bitcoin.

I'm seeing some very interesting confluence with a macro bull-flag measured move that coincides very closely to the 3.618 Fibonacci target for the next bull run, around $212K.

Also of note, our custom 'Radar' signal is showing Green for ALL long-term time frames (Daily, Weekly, Monthly, Quarterly). This is a clear signal to me that we're heading higher here now.

Comment:

Looks like this aged well and we were right on point!