after 20k break, as bitcoin has history so we can except till 10k fall.
05-03-20220 by study it means whenever price is 55-62 % distance of 200 weekly moving average, correction happen it revert to its mean. 200 weekly moving avarage. so 7800-75000 would be good area to add more in small cap mutul fund. and there would be time wise correction 6 month to 3 year at least.
tight consolidation more than month, presence of high volume and price is not going down shows stronger hand in the stock.
looks like Accumulation has been completed. New up trend seems to start from here lots of upward resistance T1 and T2 easily achievable
seems correction is completed strong reversal
breakout expected as volume are increasing near trend line target would be width of the channel + all time high so no further resistance