ETH tested its all-time high resistance three times and got rejected. Mention that trading volume decreased every time that price rejected from its all-time high level and it means bears are losing control of the market. Another bullish sign is the upward triangle which means bulls are pushing price up.
Every four years, Halving, an important change happens in Bitcoin's network, and it influences prices definitely. Bull run, bearish trend, and accumulation. I find out that every bull run reaches the 2.272 fib level of the last bearish trend. Considering this I think we can see 240K at the end of this bull run. It means the market cap must be 5000B dollars which...
Bitcoin's market cap broke a huge symmetric triangle and even its ATH. It also trading inside an uptrend channel which is trying to break the mid-line of the channel. if it reaches the top of the channel, 5 trillion dollars will be Bitcoin's market cap and it means each bitcoin price will be 240K dollars in this bull run.
The Head and shoulder pattern is a reversal pattern and it means BTC's uptrend is losing momentum. The bottom of the channel will be our target for the short position if the neckline of the head and shoulders breaks.