Fundamentals * Central bank money printing of unprecedented proportions (US FED 7 trillion and counting) * No longer waiting - institutional money is *here* (Grayscale, Fidelity, Ray Dalio, etc.)
Technicals * Volume profile strongly indicates BTC bottomed in early March 2020 * Currently clearly consolidating at 2.5 year resistance
Most BTC consolidation triangles tend to break around 70% prior to hitting the apex (citation needed, I heard that somewhere) - so I would guess around November 2021 would be when this one breaks up.
Simple measured-move target puts the triangle breaking up to 25K over the short term.