The real resistance for Bitcoin is about to begin! $30,500 and with that we cans say Bitcoin has formed a double bottom pattern! And of course it is a bullish one!
Conservative price target is $36,000 and that is a Bull Market territory!
I have looked at long history of Bitcoin and it looks like BTC is on a way to form a massive multiyear W pattern! with the resistance at about $100,000 Depending how fast Bitcoin will get there I think the next bull market top will be around $100,000
But going back to the hourly chart, Bitcoin is creating higher highs and higher lows that his very good sign! There is a popular saying in trading -"The trend is your friend until broken"!
There is a new line I drew at $32,919 that I consider to be a significant resistance!
There could be short opportunity on this level but we shall see!
All The Best,
Aventurine
