ðĨ Bitcoin Bull Flag Break Out: Bullish Weekend Ahead
Yesterday I made an analysis on Bitcoin. Here I argued that Bitcoin was facing resistance at the $48.5k resistance, which caused the bullish move to stop and BTC reversed back to the break out zone.
This break out zone was the main indication for me whether we'd go up or down in the short term.
As seen on the chart, the $47k support offered enough support for the price to reverse sharply and even break through the $48.5k resistance. This is very good news.
My target for the weekend is $50k.
Happy trading!
This break out zone was the main indication for me whether we'd go up or down in the short term.
As seen on the chart, the $47k support offered enough support for the price to reverse sharply and even break through the $48.5k resistance. This is very good news.
My target for the weekend is $50k.
Happy trading!
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