Bitcoin is in an ascending triangle, creating a perfect middle pattern disguised as a bullflag in an extension channel. Price might barely pierce 17k-17.2k and drop like a brick to 12k-14k. Fear & Greed is at an extreme high as well, and we haven't had a red week in a long time. The market is way overheated and I recommend you to be very cautious. Longs will be squeezed and the drop will likely be rapid.
I predicted a similar drop the last time we were at 12k+ when it dropped barely below 10k. Situation seems to be very similar.
Analysis done mostly for my own reference.
I predicted a similar drop the last time we were at 12k+ when it dropped barely below 10k. Situation seems to be very similar.
Analysis done mostly for my own reference.