Bitcoin price seems stuck at 20k . But here is a beautiful thing I have found on the chart.
Current price action can be compared to 2019 rally. I showing beautiful , and what important is — the number 0.618. You may find I put on the right screen in 2019 chart. The Fibonacci ruler put between swing high and low (number 1 at support line), and magic is 0.618 point (golden ratio) sets exactly at touch number 3 on resistance line, and the numbers are not random.
I think I noticed similar sequence of touches to the Blue and Red, and marked them with numbers.
So the same analysis I send to the left screen on 2020/21 chart, and it following same sequence of touches and I was wondering to put 0.618 Fib ratio from touch 1 at support line, up to 3 touch on resistance, and I get number 22000$. I think it could be possible next swing high.
So now we can take our decision to take next trade according to our risk management.
Let luck be on our side.