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.
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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.
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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.