Bitcoin bullflag ready for next leg up

9 thg 7, 2023

After a huge breakout from its falling wedge Bitcoin has been consolidating for a while and maintained its closing price above 30K. At first it seemed that it was forming a triangle with breakout potential to its upside. Though as soon as that seemed to happen it turned out to be a fakeout from a flag pattern instead of a triangle. In any case: the short term looks very bullish. The MACD is slowly also changing its direction + price moves completey sideways on the lower time frames.

My personal view is that we are preparing for another leg up towards 35-36k.

#NFA #BITCOIN #BULLISH