breakout to 17.000 $

See the supporting green trendline? After each downtrend since end of 2016 BTC has bounced right of it.
See the top of the downtrend channel?

I say a symmetrical triangle is forming. Symmetrical triangles are continuation patterns. As we are in a clear uptrend this last year i think it's correct to say the breakout has a high change of breaking out on the upside.

In my opinion the bottom is reached and after some consolidation we can expect a breakout with the target of 17.000 $ by end of March.
Target is chosen by the inverse head & should that has formed in the last weeks.
Ultimate target based on the triangly could be somewhere around 50.000$ range before we see the next bear market.

Let's finish the bears and destroy this ugly, ugly downwards channel...

Like if you like, i know you all hope i'm right.

Comment:

As expected, strong bounce from the legendary support line.

Looking for slow move towards 10.000 by end of this week.
Then some consolidation.

And then - FINALLY - the breakout we're all been waiting for.

Good luck and trade safe.

Comment:

Check the huge Volume the last week... We haven't seen this since the overwelming btc hype in december.

A lot of action going on here, If we break the downtrend the price will shoot up fast, very fast. Keep an eye on it and be prepared.