Based on the 200 day moving average now moving upward.
The current buy signal on Godmode. Green line thrusting upward through the down moving Blue line on the Daily.
Geopolitics
Interest Rates
China Devaluing
Capital controls
Euro Debt issues
People waking up the theft system the Federal Reserve/Govt/State based terroris\ has become
I expect demand be rather strong for bitcoin causing it to rapidly move through the $9400 area up to $22,000, Where it will meet the trend line with "Multiple Points of Contact"
1.618 target on Fib Is a price level Bitcoin will seek, possibly higher. It depends on just how bad things get with the debt systems.
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A closer view of what each line corresponds to historically.
The red line is another "Multiple Points of Contact" Line.
Do also note, GOLD is moving higher now.
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Back Into Channel. in the very short term.
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This trade idea was posted, BTC was trading near 8300. Today Bitcoin is at 10800 and looks to be in the process of finally breaking the 9400 area, is now moving up strongly as predicted.
I see little in the way between here and 22k. Even at 22k, that might not be much in terms of resistance. Might just be another bull trigger as it suggest supplies of bitcoin are non existent.