BTC/USD big picture view of the current bull run

12 Dis 2021

I zoomed out so we can clearly see the entire bull run so far which roughly started in mid September 2020, when Bitcoin was at 10k USD. I then added support (yellow trendline) and orange for the resistance. Market seems to be respecting the lower trendline more, considering the price does not break below it for longer than aabout a day, and it only broke below the trend once, whereas the upper trendline has been broken several times and remained above far longer, like from April 13-17 2021. The point of this is really to just to highlight what's going on from a big picture perspective, and not suggest any particular plays. I don't have any price targets, but I'd suspect that if the price touches either trendlines, it's going to do much of the same as it's done over the last year. At least until the pattern fills out more, then there will be more potential for actually breaking out.

Would love to hear your feedback. Thanks.