BTC consolidating for next run up

16 gen 2021

BTCUSD
Bitcoin is holding the trend line still (golden line on chart). It is now consolidating to let the RSI reset through time for next leg up. If you measure last run (starting about 12/14/20) it gives us a price of just under $60,000 by Chinese new lunar year. We have strong support at 32k and strong resistance around 40.7k. Watch both trend lines to see if bulls will push pass recent bearish activity.

19 feb 2021

Nota

About 1 week late and 2k short of prediction. Orange trend line is acting as nice support now