BTC# 84 -- 08.03.2021 Consiliation before breakout?!

2021年3月8日

Hello together,

enclosed as every day is my daily update on the BTC price!

We formed a nice W pattern over the weekend and saw a nice breakout up to our neckline of the big inverse H&S. Here we were, as expected slightly rejected and consilidate a bit.

In my opinion, this consilideration can last a bit before BTC start the final move up! My price target to the upside, and thus the breakout of the inverted H&S pattern, would be around $62,000. That would take us to a new ATH. I assume if we break our old ATH, that we can expect an explosive move from BTC that can take us to around $75,000.

keep an eye on the neckline!

Stay healthy!

Your Schueco / BTC Moneymaker

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