Mid May 80k?
We have again reached the apex of massive consolidation for Bitcoin and now the question is will we break up or down? We have held the bottom (red) trend line since October, with just a slight and brief dip below it, right after the 20k all time high was topped. Not surprising, considering the profit taking happening at that level.
I believe the red line will hold, for now, and we will head upwards to at least the middle heart line of the massive ascending wedge we are in (daily/4 hour logarithmic). This would put as at around 68500 and in almost exact alignment with the 1.168 Fibonacci level of the dip from the ATH.
If the red line breaks I will be concerned , but not until then.
My first idea so take it easy on me and be safe out there
BTCUSD
I believe the red line will hold, for now, and we will head upwards to at least the middle heart line of the massive ascending wedge we are in (daily/4 hour logarithmic). This would put as at around 68500 and in almost exact alignment with the 1.168 Fibonacci level of the dip from the ATH.
If the red line breaks I will be concerned , but not until then.
My first idea so take it easy on me and be safe out there
BTCUSD
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