Looking toward upside, provided we see a break above recent high at $10,500 I expect BTCUSD to continue moving toward the ATH, should this be broken and we continue on a new bull run our next target will be $29,500 overtp the next year .
To me this ascending triangle pattern is lookingoing like a bear trap, i expect a break in this triangle to the downside, this is where people will begin to short btcusd and scared bulls will pull out and go short, at which point the price will reverse back to the upside and continue toward resistance at 10,500.
US will continental corona virus financial relief packages amd continue to devalue the dollar for the next 18 months at least, people will be moving cash into gold and other safe assets, this dollar wearnest will allow btc to strengthen.
To me this ascending triangle pattern is lookingoing like a bear trap, i expect a break in this triangle to the downside, this is where people will begin to short btcusd and scared bulls will pull out and go short, at which point the price will reverse back to the upside and continue toward resistance at 10,500.
US will continental corona virus financial relief packages amd continue to devalue the dollar for the next 18 months at least, people will be moving cash into gold and other safe assets, this dollar wearnest will allow btc to strengthen.