On the 4 hour time frame BTC has first feigned a drop out of the current pennant pattern, then proceeded to break out the top. The confirmation is the wick marked "new support".
Do you see the way it retracted quickly like it touched something hot? That's confirmed support.
BTC may take another run at the all time high and $20K shortly.
Circled is the possible region on the chart.
Do you see the way it retracted quickly like it touched something hot? That's confirmed support.
BTC may take another run at the all time high and $20K shortly.
Circled is the possible region on the chart.