Bitcoin bullish continuation, but how high?
Bitcoin is forming a continuation parallel channel, along with an ascending triangle. Even though things are a bit oversold (even on the Daily), the long/short ratio is leaning significantly short, which would lead to a short squeeze to push higher. With 30 - 32K being a resistance zone, it will be a decent area to at least take some profit, but as long as the long/short ratio is short, the price could rally through the resistance zone, potentially reaching the H&S target of 37K from my prior idea and surpassing it to 40K from FOMO.
Good luck out there!
Good luck out there!
Nota
The triangle was a fakeout, but the channel still holds.
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