Over the last several days, Bitcoin has been hovering just below all time highs, waiting to break out. Now it appears we may have a signal for the big rally we've all been waiting for. The one to take us to the holy land, $100,000!
Starting at the daily, Bitcoin has been making a steady bull run from $41,000 till $67,000 before consolidating back. This consolidation appears healthy and helped form a nice bull flag. We broke out of that channel couple days ago and now have just retested the the top channel of channel of the bull flag. A beautiful bullish buy wick shows buyers quickly picking up Bitcoin at this support level, confirming bullish momentum.
If we extrapolate the run from $41k to $67k, the flag pole and measure from break out, this flag pole perfectly reaches $100,000. Christmas may come early this year. Put on your seat belts, Bitcoin is about to make history again!
Starting at the daily, Bitcoin has been making a steady bull run from $41,000 till $67,000 before consolidating back. This consolidation appears healthy and helped form a nice bull flag. We broke out of that channel couple days ago and now have just retested the the top channel of channel of the bull flag. A beautiful bullish buy wick shows buyers quickly picking up Bitcoin at this support level, confirming bullish momentum.
If we extrapolate the run from $41k to $67k, the flag pole and measure from break out, this flag pole perfectly reaches $100,000. Christmas may come early this year. Put on your seat belts, Bitcoin is about to make history again!