The sell-off in BTC to $10,000 last month and the current recovery have confirmed the July, 2020 long-term buy signal. The September pullback was a plain-vanilla test of a prior resistance level that has become long-term support. Shorter term patterns can happen consecutively to form similar patterns over longer timeframes revealing the markets’ fractal nature.
The recent BTC price action adds a lot of bullish energy to the fresh-new exponential upleg unfolding in Cryptos. My initial price target for BTC is $25,000 and the longer term target is $100,000.