A look at the medium-term future of BTC as I see it.
BTC is forming another converging triangle, making a breakout a strong possibility from next week.
The lower side of the triangle seems to have been defined. This is not a certainty at this stage – it’s not impossible that a near-future price drop redefines the triangle. I would say that there is about a 65% probability that the triangle is now in it’s final form and will not have to be redefined.
A trendline which started on 6 December continues to be my benchmark for current price movements.
The typical Breakout Zone
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