We are clearly looking at a rising channel pattern. BTC needs to break above the upper trend line of the rising channel (target 11500) and then go back down (green bar) to continue the bull run this year. BTC halving will be on May 12, 2020 (projected) and this will clearly affect its price because people will be FOMOing. Remember to always take profits and don't chase rally but wait for pullback.
Note
Weekly chart of BTCUSD, zoomed out
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Disclaimer
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.