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RE: Forest photos :: Daily and Fresh 📷 (111/366)

This BTC analysis seems to make sense.

The line connecting all the local tops since the ATH acts as a strong resistance while the line connecting all the bottoms since then acts as a strong support. BTC's trading range is in a multi-year triangle whose apex is in the first quarter of 2021. I'm guessing we'll see a decisive breakout sometime around next Christmas. The price will be around $6000 the apex. The breakout could take place sooner than that, though. A black swan event could mean that the breakout will be to the downside. But I'm betting on it being to the upside.

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I was thinking of something like $7300, but I might be wrong. The $6000 sounds already a bit too low. That's just because I've been listening to analysis channels quite a lot, and even the beariest ones seem to suggest $7200 to be the bottom.

It's rare for a breakout to happen at the very apex, which I thought would be at about $6000. About $7500 give or take a few hundred sounds like where the bottom is likely to be.