Bitcoin Bullish Channel Solid. Breakout to occur soon! Target 4k
490
As expected, our trendline held. We bounced:
Trendline continues to hold support. A good sign. Bullish pendant pattern forming. Also bullish.
Here's what I expect from Bitcoin according to our charts:
1) Break $2980 before Aug 1 and then come back down and bounce off it and up after.
2) Bounce around in here for a few more days before breaking up and out.
Either way, the 3-4 week target remains at the top of the GREEN channel.
Time to make some cash Bitcoin traders!
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$4000 target reached. This happened far sooner than expected and so it could get ugly in the next few days/weeks. But if you missed this massive move up, you'll likely get a chance to hop on board soon.