Hi guys! Posting my idea for my reference. I see BTC forming symetrical triangle with corresponding descending volume. As this formation has 50/50 chance to the up-of downside, we have to wait for breakout, which will confirm further movement. RSI is in uptrend and still has some place to grow. What makes this formation so interresting is because of the size of the pattern and therfore verry stretched targets. In bullish scenario target to the upside is 10,5K and in bearish scenario arround 3,4K area. With strong fundamentals as the halving and popular historical S2F model i am personally BULLISH 60%. Let's see and good luck!
Comment:
Forgot to mention that some tricks from BTC price are also to expect. Call it manipulation or whatever but the price of BTC often plays tricks with TA analysts. In this case a breakdown and return to the BULLISH target can easily occur. Watch out shorters :)