BTC has reached the upper trendline of the rising channel, a breakout of the upper trendline can take the price to a new ATH.Otherwise, it is likely that the price will be rejected at this point and back to the lower trend line and even break out from there.
- Overall, the trend is still bullish in the long term (see the big rising channel)
- RSI is in overbought territory
- All the possible targets in the chart
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So far BTC has followed my chart perfectly as expected...watching $47k ...Note
seems like $200k is a reasonable target
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.