You can see from this monthly Bitcoin chart that Bitcoin has stayed in a channel for the last 7 months. Bitcoin did this also in 2017 as it went from $1K to $20K.
If Bitcoin stays in this channel for 5 more months, then Bitcoin from the channel lower bound and upper bound would project a Bitcoin price from $230K to $380K.
If Bitcoin stays in this channel for 5 more months, then Bitcoin from the channel lower bound and upper bound would project a Bitcoin price from $230K to $380K.