BTC has had 2 rising channels that have had huge break outs at the end of them. Now BTC is in a third Channel. Each channel is wider than the previous channel, and the break out from the channel is larger. I think it is possible BTC drops to the bottom of the channel in the next few days.. and then rises back to the top. When it finally breaks out.. it will be massive. Maybe to 15K
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Channel lines were a little off.. but this idea is still solid! Will be interesting to see if another channel forms after the breakout we are about to see. I think if we blow past 13.5K it could just go straight to all time high before the .382 retrace.
Well that broke to 8k a lot faster than I expected lol.. I wish it had dropped a little lower. It is looking more like a rising wedge than a channel. I'm not sure if it will make it back to the top if the community consensus is a wedge.