BTC - Does history repeat itself or only rhyme?

Panjang

Bitcoin (COINBASE:BTCUSD)

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COINBASE:BTCUSD Bitcoin

trendanalysis chartpattern indicator btc btcusd bitcoin bullish parallelchannel cross crossover

Either way it's going to be great! We got a weekly close significantly over the $7,300 to $7,600 mark I was looking for. This keeps the price over the multi-year trend (top line of white channel). As you can see in the yellow circles the last time this happened the price continued to climb for weeks to follow. Also the 20 and 40 week moving averages are closer to crossing. Another BIG plus. All-in-all the weekly chart speaks for itself. This all looks bullish to me. Not the gloom and doom FUD I keep seeing. Will the price continue to dramatically rise and fall? Sure, you can count on it. But the overall trend is bullish IMO and will remain so for quite some time.

Good luck!

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Hope about a thumbs up if you like this chart.

Thanks!

Komen:

I can't spell for crap! I type faster than I think. lol

How about a thumbs up?

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