Bitcoin has been following the copied bars pattern, black bars, since September 29th, (related BTC published idea linked below).
Price is also trading nicely with the Ascending Channel (blue zone).
BTC is still on track to 100k, following a rounding bottom, (refer to the linked image for further details).
Price target should be reached by December 31st, 2021.
Possible extended Bull Market till Mid February of 2022, even further if price sees a significant rejection at any point.
Expect Price to breakout of the blue zone, ascending channel, with an overall Bullish sentiment to one hundred thousand per BTC.
The R.S.I is also trending down, as seen with previous pattern on the chart, which also show a breakout to the upside after these trends occur..
There's still a possibility that price may trade sideways, with the relative strength index trending down overall, with a breakout following soon after.
related Bitcoin published idea linked below:
Price is also trading nicely with the Ascending Channel (blue zone).
BTC is still on track to 100k, following a rounding bottom, (refer to the linked image for further details).
Price target should be reached by December 31st, 2021.
Possible extended Bull Market till Mid February of 2022, even further if price sees a significant rejection at any point.
Expect Price to breakout of the blue zone, ascending channel, with an overall Bullish sentiment to one hundred thousand per BTC.
The R.S.I is also trending down, as seen with previous pattern on the chart, which also show a breakout to the upside after these trends occur..
There's still a possibility that price may trade sideways, with the relative strength index trending down overall, with a breakout following soon after.
related Bitcoin published idea linked below: