Interesting time on the historical chart of BTC/USD. Currently sitting at the end of an asymmetrical pattern on the daily time frame. I expect a high probability of a drop out of this asymmetrical triangle which sits at the top of the overall weekly downtrend.
Should be picked up by 8800USD demand zone and push it to 10400USD supply zone. If not, a fall to 7250 level.
I have orders set at both these levels.
I expect this 10400 level to get eaten fast and push to current weekly resistance at 13800USD.
Global macro + institutional capital should push it to ATH from here.
First target 40000USD based on logarithmic chart
Should be picked up by 8800USD demand zone and push it to 10400USD supply zone. If not, a fall to 7250 level.
I have orders set at both these levels.
I expect this 10400 level to get eaten fast and push to current weekly resistance at 13800USD.
Global macro + institutional capital should push it to ATH from here.
First target 40000USD based on logarithmic chart