BTC# 87 -- 12.03.2021 BTC close to ATH! My forecast!

Hi Together,

as every day, here is my daily update on the BTC price.

Yesterday we broke out nicely above our trend channel and are trading just before our ATH. I expected that we will be rejected here first something before we break through then final. On the smaller timeframe, a small Ascending Triangle (pink) is formed. The neckline is formed by a huge cup and handle pattern (upper pink line), which has formed in the daily as well as in the 4h chart.

BTC also gets support from the EMAs. My price target on a breakout above our ATh would be at around $72,000. Keep an eye on the EMAs and the neckline of the Hup & HAndle pattern!!!

Stay Healthy!

Your Schueco / BTC Moneymaker

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