Where is BTC headed?

3 Things to Look At

1. Downward Trend Line (in red)

This line is the downward trend from 20k to 6k. The Begging of March we broke that trend line, this is the first conformation that we are in a bullish market.

2. The resistance Line (in black)

This is the new resistance line that we need to brake out of to see new highs.

3. Is the Bollinger Band (top arrow)

As you can see the top of the bollinger band is right where the resistance line is. So we will probably bounce off this line a couple more times.
Then when you look at the mean (bottom arrow) It is following the upward trend line perfectly.

Conclusion

We have a Pennant in a bullish market. This is a good sign and we can brake out of 12k then BTC will take off!!

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