DarkPenciI

BTC 1 Year Outlook

Long
KRAKEN:BTCUSD   Bitcoin
With the halving coming up in the next couple months, I do believe we will test higher levels but ultimately fail to break ATH at 20k. I think we will stop at a weekly candle resistance around $17200 which also coincides with a 1 to 1 extension of the move from 3k to 14k from our local bottom at 6k level. The weekly MACD is about to cross bullishly and weekly RSI following through from a bullish divergence, I see a very good follow through coming in the next couple months.

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