$BITCOIN - Mid-Term Analysis and Comparison

Today I want to compare two BTCUSD charts: 2018 year and nowadays. I've already written all the reasons about $BTC growth but will do it again. First of all - the price came out of the descending channel and fixed above the one. However, it didn't break the support of the triangle.

And what do we have now? From the one hand, we have a GAP on the $8700 level which we need to cover. From the other hand, we are still staying above the descending support of the descending channel which tells us bulls' strength.

In May 2019 we had almost the same situation: we've seen the entrance into the ascending zone (2) after the bounce from the support level (1). The price has been consolidating between two levels and then successfully went upward. Now we can see almost the same picture. If we cover the GAP, it won't affect the overall situation seriously and then we will be able to go further upward.

So, what to do? The best option now is to place LONG orders in the range of $8500 - $8700, the target of this movement will be in the $12000 zone.