Bulls case: Bitcoin has set 5 tops. $1, $32, $210, $1150 and $20k. The average time between each top is 621 days. The average percentage gain above the previous top is 1400%. If this pattern repeats again, BTC should hit 280k by September 2019.
Bears case: If 5k doesn't hold and we test 3k, the long term trendline is broken. All bets are off technically. Testing 1k is on the table.
IMO the long term trendline MUST hold for the macro bullish trend to continue.
Bears case: If 5k doesn't hold and we test 3k, the long term trendline is broken. All bets are off technically. Testing 1k is on the table.
IMO the long term trendline MUST hold for the macro bullish trend to continue.