Bitcoin has been trading inside a bullish channel ever since the huge pump at the end of October.
An asset that slowly grinds up, making higher-lows in the process, after a big pump is classically getting ready for the next pump. I think that the same goes for BTC.
I'm anticipating a bullish move in the next 1-2 weeks that will confidently bring us above 37,000. After the initial pump, a retest of the top channel is to be expected as a confirmation of the break out.
$40,000 is very likely at this point. Stocks just had their best week of the year, so BTC will likely benefit from overall market strength.
For now, things look great. Might have to start thinking about a correction once we hit 40k, but that's for later.
Do you think BTC is going to reach 40k this year? Share your thoughts 🙏
Everything on the chart. Targets: 0.55 - 0.41 and maybe 0.35 after first target reached move ur stop to breakeven cancellation of scenario - consolidation above 0.9
DYOR!
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