After the confluence of a falling wedge (blue lines) with an Inverted Head & Shoulders (red line is neck), forming over more than half a year, we got an impressive breakout setting the path for the upcoming months.
After a few days of accumulation, we went for the first test of the $9,200-$9,000 range, to slightly correct after testing a local horizontal support (yellow range).
These are just the first steps of an upcoming wave straight to $11,700 ignited by the falling wedge breakout. I'm expecting to reach that resistance during the Q1 2020. Matching with the upcoming Bitcoin halving which will happen around the beginning of May 2020. Along with an increasing interest from corporations and institutions not only in the blockchain technology but also in cryptocurrencies.
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