Bitcoin Multi-Timeframe Analysis

Hello dear crypto friends, in this special BTC analysis, we're gonna look at the different timeframes with grandpa BTC currently:

1H Chart

• Double Bottom defended the $12k.
  
• Since then Uptrend indicated by higher Lows
  

4H Chart

• Higher Lows successfully established at $12k
  
• Currently 2 Inside Bars which will indicate the direction when they break out
  

1D Chart

• Bullish Pennant Breakout
  
• Turns into potential Cup & Handle if we reject from $13k now, indicating further tightening
  

1W Chart

• Daily Bullish Pennant invisible, shows itself as Doji candle with huge upper wick
  
• Definitely overbought, and needs to consolidate soon, even if we now climb higher for a few days
  

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