🪙 #BTC ha completely absorbed the drop
At first, the leading cryptocurrency reacted weakly to the macroeconomic data from the U.S. 🇺🇸. But now, even the temporary drop has been completely absorbed by the price action.
On the 1-hour timeframe, local consolidation has formed a horizontal price channel 🪙. This structure arose after a failed attempt to form a 'cup with handle' pattern.
Since the bulls managed to recover the price, there is now an increasing probability of a bullish outcome. That scenario would imply the formation of a bullish flag and a breakout upwards.
It is most likely that this is exactly what will happen — with the price heading towards the ~$100,000 📈.
