BTC/USD - Major breakout inbound. BTC towards $100,000! 🚀

Last time BTC broke a significant resistance, we pumped all the way to $62k. All in all that move was 114% in price gain.

Now we're about to do another similar move with a major breakout inbound, whereby BTC will crush the resistance at $62k and this will clear the path towards $100k.

A simple 1:1 extension from our current low will take us to at least $92k. However if we are to look at the Fibonacci levels, we see that we can expect some resistance around $82k and then $116k...

However, one has to watch $100k as it will be a significant psychological level, but price action may not care much for such human weaknesses, it can continue to pump and follow technical.

The current price action is very bullish. We have a large ascending triangle highlighted in blue that formed after a two months consolidation in preparation for this pump.

MACD on daily looks ready for an explosion as does RSI and volume. All stars are aligned for the mega pump. Will it come? I think so. Short of governments banning BTC or the Internet being cut off, I can't see how BTC will not pump.

Enjoy the ride. The chart is clear. Get your popcorn and enjoy it.

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