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Bitcoin long term analysis

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
82 0 2

I see bitcoin             , inside an inverted triangle formation, in this monthly chart of a height of 500$ approximately, that can serve us as measuring objectives.

If we see price broke to the upside, it could quickly overcame the 500$ resistance level and make another stop at the 660$ with an ultimate target of 1000$ which is very strong and psychological resistance.

If we see price forms, a bearish pattern in the resistance of the triangle formation, we could see the price ultimately going to the 200s, with potential rebounds or stops at 400s and 320s.

If we ultimately broke to the downside of the base of the triangle, as the pattern suppose to indicate, then we are going to visit the 90s as the main target.
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