BTC - Break-out soon / $100,000 by September
Despite some sluggish consolidation recently, BTC is still on its longer-term trendline (blue). This trendline started when BTC finally broke through its all-time high of around $20,000 back in December 2020.
From that point in December, we see two trendlines (blue and purple) which are quite close to each other. According to the higher blue trendline, BTC should hit $100,000 by September 1 of this year. According to the lower purple trendline, it should hit $85,000 by September 1.
Presently, BTC is close to the apex of a consolidating wedge (orange). It should break out of this wedge by the middle of this month.
So despite the recent stagnation, BTC is still on its aggressive path since clearing the $20,000 all-time high.
From that point in December, we see two trendlines (blue and purple) which are quite close to each other. According to the higher blue trendline, BTC should hit $100,000 by September 1 of this year. According to the lower purple trendline, it should hit $85,000 by September 1.
Presently, BTC is close to the apex of a consolidating wedge (orange). It should break out of this wedge by the middle of this month.
So despite the recent stagnation, BTC is still on its aggressive path since clearing the $20,000 all-time high.
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