“What if Bitcoin's dominance is starting to take the shape of a Bull Flag?”
Top-tier analyst Rekt Capital, known for his astute observations on Twitter, recently shared his thoughts on Bitcoin's hegemony over the cryptocurrency market.
He noted that a particular red zone is where Bitcoin's dominance is currently being retested.
The well-known trader then tweeted an intriguing thought: What if Bitcoin's dominance is starting to take the shape of a Bull Flag? This technical pattern frequently predicts the possibility of an upward breakout.
The same pattern can be seen on Bitcoin’s H4 chart.
Price is testing a demand zone around 28000-27500. This is a confluence zone where Bitcoin tests the support of the pattern.
The technical price target of the bull flag is 35000.
Top-tier analyst Rekt Capital, known for his astute observations on Twitter, recently shared his thoughts on Bitcoin's hegemony over the cryptocurrency market.
He noted that a particular red zone is where Bitcoin's dominance is currently being retested.
The well-known trader then tweeted an intriguing thought: What if Bitcoin's dominance is starting to take the shape of a Bull Flag? This technical pattern frequently predicts the possibility of an upward breakout.
The same pattern can be seen on Bitcoin’s H4 chart.
Price is testing a demand zone around 28000-27500. This is a confluence zone where Bitcoin tests the support of the pattern.
The technical price target of the bull flag is 35000.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。