# It may seem like bitcoin is acting poorly right now.

Failing to break that $12k mark with any kind of conviction...

But, when we zoom out a bit we can see that prices are merely consolidating at a support level after breaking a significant downtrend.

Check it out:

https://i.postimg.cc/rs3tJDy1/EBr1nq-QXUAAe-9.jpg

(Source: https://twitter.com/PatternTrader11/status/1160509923140231168)

If this indeed what is going on, we should see a move up to $20k before the end of this year.

That may sound like a big number, but that isn't even a double from the current price.

Bitcoin has already doubled 3x from the lows seen last December.

All about perspective.