BTC / USD TA
From looking at structural integrity, we are looking bullish with directional bullish bias which should put us around $17,000 - $22,000 in coming weeks.
From pure logical standpoint, we should see healthy pull back with sideways movement just like we've observed in prior bull runs which lasted usually for 2-5 month.
BULL SCENARIO - We reach New ATH within next 2-4 weeks.
BEAR SCENARIO - We correct back towards support of around $8,500 with sideways movement making New ATH around Q4
We also have bullish STOCH RSI on 12H 24H which does support bullish bias.
Patterns wise, we have a gigantic inverse head n shoulders which was validated earlier with a massive $700 pump.
If you're in trade LONG at this time, setting up a profit stop loss is reasonable and if you're looking for entry at these highs, be aware of the risk.