Bitcoin's current Bull trend and 3 month projections.

After the massive sell-off in late January, Bitcoin established a new bull trend. However, evidenced by the price having leveled just around $1280, it suggests there is significant sell pressure in the range of $1,300.

Given the ETF rejection, it is likely skeptics will become increasingly bearish. Although I believe Bitcoin will continue to be bullish throughout the next three months, the rate of growth will be decreased due to this setback.

Over the next three months, I believe Bitcoin will fluctuate between 1100 and $1,300. This is evidenced by the trend lines while taken into account the recent negative news.

I have marked my buy and sell points with green and red ellipses. Within three months I believe Bitcoin will break through the sell pressure at 1300 and continue upward making all of us very very happy.