BTCEUR: The bull, the wedge and the channel

The recent bullish spike caused by some G20 musings that cryptocurrencies are not a threat has driven BTC up towards the top of the recent downwards wedge. If this drives BTC above €8,000 then it will have finally broken the downward channel the roof of which is represented by the green line. If that happens, expect something new and unexpected to happen. Alternatively, if the trend holds, expect all hell to break loose come April Fool's Day.

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