Bitcoin has broken out of the previous high and is now in unchartered territory. This is very bullish. Breaking out of a multi month base is very bullish for an asset.
So what is the target for this move? If we look at the Fibonacci extension of the fall from 2019 to 2020, it gives an immediate target of 30,000.
This is great times for Crypto lovers. The moves are fast and exponential. We may hit 30k sooner than we can expect.