Looking at the 4hr chart Bitcoin seems to be completing a Cup and Handle formation and is looking for a break above the neckline of the cup. If we make it past $38,769 I'll be looking to go long on Bitcoin. I think we are still on a run up after completing a Bullish Gartley harmonic as well. The final target for that move is around $42,700.
On the daily chart we can see what the targets are if these bullish pennants/flags play out.
My whiskers are still telling me that Bitcoin is in a bullish trend and that February could be a continuation of that trend as we test resistance and look for new ATHs.
For now I'm hiding in the bushes and watching to see if we break the neckline.
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