Bitcoin goes into mark-up
So, I’m going to describe a bull scenario. You’ll see the two ascending accumulation channels on the chart; the first in 2017, 20th March to 13th November and the second, which began on 16th March 2020. The chart shows the key levels of resistance and then the point at which point I envisage bitcoin entering a true parabolic arc at around 17,300 to 17,700, on 18th January to 14th June 2021, or thereabouts. Assuming the bull trend stays in place, we should be to comfortably buy red and sell green all the way up the channel and then place a trailing stop, once we enter mark-up in order to catch profit at a level of risk the individual trader is content with.