Bitcoin is either going to break this bullish pennant upward and send us soaring past 20k. OR it is going to break through 18630 (green dotted line) and it is going to be a fake out. It is going to hit the trend line as support and will close above or on the trend line. However, I do think the price will fall to around 17800 making a pretty sizable wick.
Personally, I think there is going to be a fake out but who knows.
However, if it is not a fake out. Then the next line of support is that second green dotted line. Which I don't see happening because this trend line doesn't seem to want to break.
Personally, I think there is going to be a fake out but who knows.
However, if it is not a fake out. Then the next line of support is that second green dotted line. Which I don't see happening because this trend line doesn't seem to want to break.