The perfect descending broadening wedge pattern has just been formed and broken by Bitcoin. If we manage to break through the 24800 level, we could very well witness a rise to 29-30k in a matter of weeks.
Another factor contributing to the bullish moment is that many people are bearish. The fear and greed index value also exhibits signs of fear.
As the saying goes, opportunities to buy arise when everyone is afraid.
SL: 20K TP: 28K
If we can break 30k, we might experience another upward trend to 35k.