BTC (Bitcoin) technical analysis and Price Prediction

Hi This is Devendra Singh Here I'm analyzing the BTC chart. I found a good buy here so have a look on the chart.

From last several days Bitcon is in consolidation state and it is because it increased hugely after the market crash so we can expect some consolidation. And also it is necessary because no price can go up with 90 degrees of angle. so don't get bored but happy so that it is the indication that the price will not go down from here. in the chart you can clearly see that is in a fixed range a having a support and a reistance levels. we can take a long position here in the BTC with a stoploss just below the support line also we should maintain the position sizing and risk management. Don't follow anything without intelligence and knowledge. according to me after the consolidation BTC will touch the 60K mark easily within some 2-3weeks. so it is a short term trade that can give a decent amount of profit that is around 20%. And if you calculate with your position sizing than it is the great trade becasue the risk is minimum here. I observed that the crypto market follow the technicals quite good so don't worry about the long wigs in the market for a few minutes but wait for a close. Also look at the RSI that is above 50 and is a good indication that the price is strong here and will go down but anything may happen so use stoploss. my view is bullish and strongly bullish but don't go on my words take your own analysis with proper management of money. I'm showing the technicals according to me. If we look at the bollinger bands than it is getting nerrower and that means is getting ready for a great blast. Everything is positive now so we can expect a good up move from here in the all crypto. Also we faced a crash in market so whenever market crashes the market copup very fast. so we must belief that we are in the bull market. so we can expect a stong bullish view in the long term that the BTC may tough $100K but it will take time this is for long term trader. being realistic for now 60K mark is important becasue it is the psychological resistance so it can again have a consolidation there.