We can see the on the chart we have started forming a rising wedge. The most recent price movement has consolidated into what can be seen as a bull flag, with a measured target of around 87-88k. HOWEVER, there are multiple intersecting lines of resistance around 72.5k. If BTC cannot break this resistance it would validate the rising wedge pattern and we could see BTC returning to the 55k levels..... All I know is its going to be an EPIC battle of Bulls vs Bears at 72.5k.
Bullish to 72.5k
If BTC is rejected at 72.5k - Bearish to 55k
If BTC breaks the resistance at 72.5k - Bullish to 88k
Let me know what you think in the comments sections!
Thank you and have a wonderful day!
Bullish to 72.5k
If BTC is rejected at 72.5k - Bearish to 55k
If BTC breaks the resistance at 72.5k - Bullish to 88k
Let me know what you think in the comments sections!
Thank you and have a wonderful day!