Cryptoharian – The price of Bitcoin (BTC), which is the largest crypto in the world, is currently at a critical point that could determine the direction of its next movement. According to one analyst with the account name X ‘Crypto Feras’, $BTC is forming a ‘bull-flag’ pattern which is known as a positive signal if the price manages to break through the upper limit of this pattern. The bull-flag pattern, which is a continuation pattern of a bullish trend, has caught the attention of traders. This pattern is formed when the price consolidates after a sharp increase, creating a parallel channel or flag. “Bitcoin is now at the diagonal resistance of this bull-flag pattern. If $BTC manages to break through this resistance, the bullish trend can be confirmed,” said Feras. From the chart shared by Feras, it appears that there are two potential price targets based on the size of the flagpole:

Small Flagpole Target: US$ 88,000

Large Flagpole Target: US$ 100,000

Source. Investing.com