Here is a bold prediction with the previous cycle applied. White line is what happens in log scale if it happens like the last cycle.
Green lines are supports. Red ones are the resistances.
3 is the magic number. I expect the price to try for 3 times and break the 14000 resistance as halving approaches.
This is just a prediction; it may happen, it may not. We will...
Today, the price of bitcoin fell hard.
Of course, this price drop occurred after a news.
But the price of bitcoin fell to a previously known support and bounced back.
Look carefully at the technique. The price of bitcoin, which rose to Fibonacci-0.786, fell from there.
If it rises above the $ 13100 level, it will likely climb to the new top of 2019.
I drawed horizotal long term trend lines.
There will probably work.
Btc price in the strong up trend channel.
There is strong resistance at 11770
I expect btc price will make a correction until 1 july.