I expect a continuous uptrend over the next several months for bitcoin, if we break below the yellow line means bearish momentum. If we break bellow the green line we are in capitulation.
I do not expect that to happen, we have had two Green months for bitcoin, we either consolidate or break higher.
The only downside I see would be a macro/global/political event. Which I think is unlikely.
Several converging factors have recently led to the rise in bitcoin's price. I expect follow through since last month we have a +25% rally.
I am curious on your guys thoughts.
Note the projections change based on daily price fluctuations, but the targets should remain relatively stable.
Over the next several months I expect a run to 93-95k+.
or consolidation with a break higher later. An extremely bullish scenario is a run to 118k, that's quite extreme.
