BTC/USD Mother of all Breakouts!
The pendant that BTC has been stuck in for the past few years is looking to be violated. The supply has been cut, the demand continues to grow, and the sharp rebound from the COVID crash shows that bulls have taken the reigns. If the trend line formed by this recent rally stays intact and we close a few daily candles outside of the pendant, I will be net long for the foreseeable future. If the trend line does break, then sub 6k prices would be of no surprise.
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