Bullish Potential. Looking to see if falling wedge pattern plays out.
Looking for potential paths that can play out. If the first prediction is incorrect, I am preparing for this to be the next path.
Inverse head and shoulders potentially playing out. Break out of larger triangle also occurring. Both patterns paint to a $48k USD target. Very bullish. Could see a pretty quick pace to this price if pattern plays out successfully.
Also get to say I told you so if this one plays out.
Purely Sharing for fun. And to say I told you so later on.
Published for future reference. This is work in progress.
BTC is now at a crucial resistance. Failing here could have a significant and quick impact on the crypto market. Succeeding here should see a significant push upwards for most crypto.
An update to previous chart. Have taken the time to confirm the channel. Multiple points on the bottom trend line. This increases the likely hood that the top line may confirm as the top of the channel.
Potential Bear Channel has been forming for some time now. If price rejects off the top theoretical line, then I believe the channel is confirmed and we shall see the 42K price point. If this line is ignored and BTC surges past it, then this channel is completely invalid.