A rare occurance indeed, I likes if it holds........................................................
With a bullish engulfing candle on the 4 hour a potential pattern has emerged. The measured move would be a touch of the 4hour 200 ema almost exactly. Easy to see where invalidation would be. Honestly is depends on what the makets do in the near future. This looks almost to clean to be true but we shall see.
With a strong 4hour close, ~4-5 percent increase is possible.
You want my honest opinon? In the next two years bitcoins chance of breaking 75k approaches zero.
One of two outcomes happens. Eiter way bitcoin will break out in a major way.
imo we will see Ont pop off. This is one of the better projects in cryoto and its bound to break all time highs in 2021
As of right now bitcoin is still bullish imo. The .618 has been front run and the volume area created over a 90 day consolidation is holding. 10k for the first time is acting as support which is curious. I expect gold and the stock market to lead btc. Bullish or bearish its whatever the global market makers have planned.