BTC/WEEKLY:

If we see an inverted head and shoulder pattern, Target is also $35.4k range if we calculate the target from the head to the neckline.

BITCOIN WEEKLY CHART

In another case, if I mark the extended fib it also gives first Target $35.4k then $45k around, when more points come together then there is the most possibility to achieve that target. Hence, I am more bullish on Bitcoin.

If we consider it as Elliot wave theory then this can be a third wave of the Elliot wave theory. the third wave of the Elliot wave theory is the fastest and the quickest wave. we can say huge gain in the short time period.

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