Since previous analysis Bitcoin printed a very powerful bull run after breaking $4200 resistance. The push was so strong it got me worried we were still in a bear market but since Bitcoin topped at $1300 we have a what looks to me like a heathly correction and not a complete meltdown. I will wait to have a weekly confirmation above the weekly resistance to open another long trade.
Another interesting fact is that if you take the previous bull run and you put its lenght above the new weekly resistance it finishes exactly at all time high so that's where I will put my objective.
Another interesting fact is that if you take the previous bull run and you put its lenght above the new weekly resistance it finishes exactly at all time high so that's where I will put my objective.