๐ฅ Bitcoin Bull-Flag Break Out: Bulls Keep Winning!
Over the course of the last week I've made multiple analyses where I discussed the bull-flag pattern that BTC was trading in, and my expected move towards 48k.
After a retest of the top resistance of the triangle, the bullish trend continueed. In m view, it's a matter of time before BTC will make a new yearly high. With a little more than a week to go, 48k is still in the cards for this year.
The period between Christmas and New Year is historically a bullish one, so I think we can expect some fireworks. Even if we don't reach 48k this year, I still think it's going to be reached soon.
Like mentioned before, 48k is going to be a highly contested area. We're either going to sharply reverse from there and see a bearish period, or we will pierce the resistance and move to >50k.
After a retest of the top resistance of the triangle, the bullish trend continueed. In m view, it's a matter of time before BTC will make a new yearly high. With a little more than a week to go, 48k is still in the cards for this year.
The period between Christmas and New Year is historically a bullish one, so I think we can expect some fireworks. Even if we don't reach 48k this year, I still think it's going to be reached soon.
Like mentioned before, 48k is going to be a highly contested area. We're either going to sharply reverse from there and see a bearish period, or we will pierce the resistance and move to >50k.
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