Bitcoin is currently forming a wedge as it's pushed between its support and upper resistance. As it keeps moving sideways it'll be forced to move A direction. Given the history, I expect BTC to break upwards making a new support.
After much consolidation with significant cash-on-hand and when there is no more room for sellers, there will be a significant uptrend creating yet another impulse wave.
Bitcoin will have potential to go to $20K+ where it will meet a new resistance.
They key is breaking the $15K/$17K level resistance where it will find new support pushing it to new highs.
This is my opinion and my opinion only. This is not a suggestion to buy/trade/sell
After much consolidation with significant cash-on-hand and when there is no more room for sellers, there will be a significant uptrend creating yet another impulse wave.
Bitcoin will have potential to go to $20K+ where it will meet a new resistance.
They key is breaking the $15K/$17K level resistance where it will find new support pushing it to new highs.
This is my opinion and my opinion only. This is not a suggestion to buy/trade/sell