As stated by the chart, BTC made a new A.T.H. after 6 months. As shown in the chart, I think the next A.T.H. is $72000. However, there is possibility to have modification about 48500 to 53000.
Once this retracement is over, cup&handle pattern emerge. therefore, there should be a continuation of the trend to hit the top of the channel at $82500 and $100000 respectively.
Note that we are in monthly time frame and the process lasts long time. In other words, the retracement can take a long time about few months.
Once this retracement is over, cup&handle pattern emerge. therefore, there should be a continuation of the trend to hit the top of the channel at $82500 and $100000 respectively.
Note that we are in monthly time frame and the process lasts long time. In other words, the retracement can take a long time about few months.
