BTC Pumped Above $30,000 And Now What?
Lets have a look at our charts shall we?
Starting from Weekly candles…
On the weekly we have a reverse head and shoulders with a price target of $34,000 and so far Bitcoin looks to be on the right trajectory!
On the daily bitcoin broke out of the ascending triangle and is half way through to the price target of $31,500
On the hourly bitcoin is forming another ascending triangle with a price target of $30,700 and if it breaks down we could be looking at $29,600
So far all big timeframes look promising especially the weekly reverse head and shoulders. $34k is the target and once we are there we can expect alt season to start while Bitcoin consolidates!
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