In my Technical Analysis today I am using the Bull-Pennant pattern, where I take the Pole of the Bullish-Pennant and extend it from the Bull-Pennant swing low. This gives us the potential target once the Bull-Pennant breaks and plays out!!!
Additionally Using the Fibonacci Extension Tool, it gives us the same target at 20k.
And Hello? This is our ATH we met almost 2 years ago.
Could it be that the current Bull-Pennant formation is actually about to bring us to the ATH from 2017 on BTC and we retest these levels??? As for now the current Bull-Pennant is giving us big hopes for that.
Stay tuned and hit a follow if you like this post! =D
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