Everybody is soo zoomed into smaller timeframes... most people miss the big picture.
Many people call for prices below 6k but i think it's not likely anymore, the narrowing bollinger band is showing that volatility is decreasing.
In my opinion BTC is forming a "Cup and handle".
Of course it's not perfect, but let's keep in mind that we're talking about something...
Expanse is set to go up.
On the weekly chart it can be seen that the sell wall has ended and the price has nowhere to go but up.
On the daily chart we can see that the price already retraced 38.2% which is considered a healthy pullback. Also the price is sitting above the red moving average group which is indicating that a strong uptrend has now a high probability...
