though I rarely post my thoughts concerning bitcoin, tonight I have a very good reason.
as bears pushed the market to 3200 on a daily chart we see heavily oversold rsi.
since December 2018, the price is coiling in a very significant reversal pattern - ascending triangle. usually, in a strong bearish trend, this pattern leaves clues that the sentiment is changing on the market, and bears are exhausted.
I will be waiting for a bullish violation of 4000 - resistance level that holds the market.
once this level is broken, it will trigger massive buying reaction from the market participants.
the first target should be a little bit below 5000.0 level, and the second is around 6000.0.