Bitcoin - Long-term analysis (monthly - targeting 14k)

Here I am providing you with my Bitcoin chart from a long-term perspective. We closed July with a super bullish candle breaking through our triangle which was our trading zone for the last 2.5 years. One might argue we have never been in a bear market on the this time-scale - only accumulating to proceed with a continuation move. Technicals are looking great (MACD picking up pace, Stoch RSI at 65 with a steep slope).

14k is the next major target for Bitcoin in the coming months. For the end of this year it could be a feasible milestone.

I would like to see that Bitcoin bounces off once on the triangle to confirm the break-out. I think HODLers are going to see great gains in the coming months while the USD printer goes brrrrrr. Bitcoin might be the escape for many from the increasing inflation rate.

Stay green!