Currently BTC/USD is in a descending broadening wedge after a peak.
This means high chance of upward breakout. Price increase from breakout point is usually the difference from pattern top to pattern bottom, which would mean a price of $123000.
Not financial advice. There is a chance of this not playing out, even though the chance is small.
BTC 4h broke through the long term resistance. Has already retested and is currently on the way up. This line is now support.
Will it break through the second long term support line which became resistance or will we go down again? Time will tell.
