Bitcoin has been in an impressive uptrend since the middle of march. It has been condensing into an ascending triangle. Interestingly, the end of the triangle points right a significant price level ($11,500). This doesn't seem like a significant level until you look at the weekly, where it neatly matches up with support turned resistance in 2018 and then confirmed again twice in 2019, where BTC was unable to close above it. In my view, it's unlikely we are ready to test this level yet. The RSI is topped out and needs a reset. So it's likely we limp into the halving, or dump after before trying to test this level again.
Note
Note
Connect the dots, la la la Note
Seems like a good place to take a long position here 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.