As far as I can tell, I'm one of the few people on here that actually presented $8K+ prices as a possibility in the near term, when Bitcoin was still in the $3K zone. I also suggested that breaking back into the light blue channel could happen. Just check out this analysis:
Specifically this section, written on February 12th:
"Bulls have shown increasing strength, so we might be in for a powerful move up now. I've actually been eyeing 8K-9K as a potential reversal target (you can see this in my Bitcoin long setup). This is assuming ETH makes a MAJOR breakout here and the whole market turns extremely . Below is why 8K is a POTENTIAL target. We are more likely to get stopped at the lower blue line in the mid 5K's. These are the best case scenarios, as I see it. We could always stop lower and head back to retest 3.2K, as we did in the previous bear market."
As you can see, that yellow scenario has now played out perfectly, which was the most projection I had. We now have a couple of parallel channels. The bottom channel provided support in the 3K area, while the top channel is the one we just broke back into once 6.8K was surpassed. This gives Bitcoin some room to fall to the low $7K area if it's going to make a correction now. It also means that there's not much support until $5K-5.2K if that breaks.
Interestingly enough, these can't be drawn the same way on the BLX chart. Instead, we're still below our broken (orange). It would be interesting to see if Bitcoin finds resistance on the resistances on this chart, or if it continues to follow the projection I have on the chart above.
Zoomed in, with previous scenarios (drawn back in mid-Feb)
Taking both these charts into account, it's clear that Bitcoin is still on its long term uptrend. Where the next target is anyone's guess...but the buying strength recently is simply people wanting to get in as soon as possible before it really takes off. Since Bitcoin has followed my most possible scenario since my posts near the bottom, I might as well give the most possible scenario for the upcoming months. The top resistance (drawn between the previous two bull market peaks, in pink) is currently above $60,000. Not only that, but that price could actually be reached before the end of this year. I know, it's insane. But Bitcoin has gone through a double bubble cycle before. There's no reason why it can't do it again. And the thing is...no one is expecting this to happen. Additionally, the weekly and are not quite at the major resistance levels that have indicated at least a short term top in the past.
Remember, this does not have to play out. This is purely speculation based on what I'm seeing. To me, TA is mostly visual (I'm an artist). This does not account for potential black swan events, so I could be wrong. More conservatively, we can follow something similar to any of the other scenarios I've outlined on my main chart (blue and pink). This would mean a correction if Bitcoin hits between $10-11K back towards the $7K zone. There are possibilities too, but I won't be looking at those until the market shows signs of weakening...which is currently not the case.
By the way, I'm obviously not always right. Linked below is a idea I did post about Bitcoin recently when it had just gotten above $6K. I gave reasons for risk there, but also why buying there might have been a great idea. Of course, if I had actually shorted Bitcoin at $6K, I'd be totally wrecked right now. Instead, I had faith and held on. The majority of my analyses have been pretty spot on though, so far. This is naturally not financial advice. You do what you want with your money. I do this for my own validation and for educational purposes.