Bitcoin broke last Friday's High and by doing so has created a new, less aggressive Channel Up on 4H (RSI = 68.738, MACD = 144.200, Highs/Lows = 185.1359). That is clearly based on a recurring "consolidation-pump" pattern as the eclipse shapes show. Technically the current rise is expected to be completed on a +13.50%, which is around 4,580 before it pulls back again for a near 42,00 Higher Low.
The medium term support remains 3,652.10, which as the 1D chart shows, if it gets tested and holds then it has the potential to deliver a Gap fill as high as 5,600 - 5,800 (on a different occasion the price should test the 3,210 bottom). Until then of course we are setting lower bullish targets at 4,463.10, 4,546.0 and 4,578.40. After those targets and if the projected 4,200 Higher Low provides another spike, we still need confirmation for further uptrend which will be validated if the 0.5 level breaks (4,850.80), in which case the target will be 5,238.50.
Called the BTC bottom on Sep 20 within 3 days. We've hit bottom folks. Read my analysis on Sep 20 and give me a like and follow. I give simple and clean TA. If you bought near the low hold SL at break even. BTC already bottomed and capitulation happened from 6k to 3k.
Stock_Wick
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Hello Brother..... George...thanks for sharing ur Hardwork and Wisdom...
Michael_H_Peter
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I think you are right bro besides all this other fibonacci and fettuccine predictiors. I think it already created a good support to skyrocket. If it reaches to 5200K the bear market will be over.
UnknownUnicorn3272583
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Definite proof that the bottom is in. Watch out for that huge January candle, don’t get stuck on the wrong side of the trade!
Its_Gui
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Sometimes we need to pay attention to what's obvious.
UnknownUnicorn3272583
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another great call! check out my chart for amazing and accurate prediction. always free