Over the last several days, Bitcoin has been hovering just below all time highs, waiting to break out. Now it appears we may have a signal for the big rally we've all been waiting for. The one to take us to the holy land, $100,000!
Starting at the daily, Bitcoin has been making a steady bull run from $41,000 till $67,000 before consolidating back. This consolidation appears healthy and helped form a nice bull flag. We broke out of that channel couple days ago and now have just retested the the top channel of channel of the bull flag. A beautiful bullish buy wick shows buyers quickly picking up Bitcoin at this support level, confirming bullish momentum.
If we extrapolate the run from 41K to 67K, the flag pole and measure from break out, this flag pole perfectly reaches $100,000. Christmas may come early this year. Put on your seat belts, Bitcoin is about to make history again!