BTC: Bull Pennant forming!

2024年5月31日

Previously, the price formed an inverse Head & Shoulders pattern and broke the neckline to the upside. Now, it is consolidating in a bull pennant pattern, indicating a high probability of further upward movement. If the price breaks the resistance zone, reaching 80k is likely.

Currently, attention is on the DXY and S&P500. If the DXY continues to decline, a new ATH for both the S&P500 and BTC is expected. Therefore, monitoring the DXY is crucial to anticipate BTC's next direction. For now, the DXY has been declining, so a bullish move for BTC could be imminent!

2024年6月1日

註釋

S&P500 had a nice bounce - Im expecting BTC to follow on monday!

2024年6月3日

註釋

The price is breaking above the bull pennant pattern!!

2024年6月5日

註釋

Following the expected path!!