PAIN FOR THE BEARS🐻
Can you see this beautiful bullish pattern?!
What do you think will happen next?!
We are almost there guys📈
Show me your targets for bitcoin during this cycle👇🏻
QUICK UPDATE😎
4H Chart Analysis 🕓
Bitcoin is currently trading in the middle of a bullish flag formation on the 4h timeframe a classic continuation pattern often seen during consolidations in strong uptrends.
Key Observations:
🔺 Price Structure: BTC is moving between parallel trendlines, with decreasing volume a textbook bullish flag.
🔺 Current Level: Trading near the mid-channel, around $117K-$118K, showing indecision but holding support.
🔺 Momentum: RSI remains neutral, but MACD hints at a potential bullish crossover.
🔺 Flag Pole Target: If the breakout confirms, the measured move points to a potential target around $130K-$135K
Prediction:
If bulls regain control and BTC breaks above the upper trendline of the flag (~$120K), we may see a strong rally toward $130K+ in the coming days.
Risk: A breakdown below the lower trendline (~$114K) would invalidate the pattern and could lead to deeper pullback toward $108K.
Stay sharp as Bitcoin could be gearing up for its next major move 🚀
#btc #BTC140K #bullishflag
4H Chart Analysis 🕓
Bitcoin is currently trading in the middle of a bullish flag formation on the 4h timeframe a classic continuation pattern often seen during consolidations in strong uptrends.
Key Observations:
🔺 Price Structure: BTC is moving between parallel trendlines, with decreasing volume a textbook bullish flag.
🔺 Current Level: Trading near the mid-channel, around $117K-$118K, showing indecision but holding support.
🔺 Momentum: RSI remains neutral, but MACD hints at a potential bullish crossover.
🔺 Flag Pole Target: If the breakout confirms, the measured move points to a potential target around $130K-$135K
Prediction:
If bulls regain control and BTC breaks above the upper trendline of the flag (~$120K), we may see a strong rally toward $130K+ in the coming days.
Risk: A breakdown below the lower trendline (~$114K) would invalidate the pattern and could lead to deeper pullback toward $108K.
Stay sharp as Bitcoin could be gearing up for its next major move 🚀
#btc #BTC140K #bullishflag
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
112,282.53
-1.45%