BTC - Are we heading into No Man's Land?

18 בנוב׳ 2017

If we go back over 8k and to the top of the 2017 channel for a new true all-time-high (rather can continuing to dip), then that might indicate the channel is tightening. The lows would be getting higher and there would be less and less room for Bitcoin to breathe. It will need breathing space and with the buying pressure increasing over 2017 and showing no signs of slowing, then perhaps Bitcoin should smash through the top of the channel and head into No Man's Land. Of course, it wouldn't need to go mad like my chart, it could just be a steeper channel. That would be fine.