Bull Flag on the Weekly is a very good indicator for many reasons. 1) The longer the time frame, the bigger the move 2) Bear Volume is decreasing while Bull Volume has greatly increased this week.
So why 64K? I measured the breakout from 20k to 42K which averaged around 110% give or take. From there I measured from 28k (Weekly Support) to that 110% again which puts us right around 60k. Institutional support is growing and as this new covid strain spreads we'll see fiat go down as it did last year.
Now you may ask, why $64 when the measurement comes out to $60? Well, at that point I expect the frenzy to really kick off with some shorts getting cleaned out.
I'm also making this post mostly for my future self.