Bitcoin has been flirting with previous all time highs now for a while
slowly absorbing remaining supply maybe ?
either way we have a couple bullish formations here
you could see an inverse head and shoulders as well as this triangle pattern that im choosing to highlight
even being conservative the pt of this pattern is enough to take us to 69K
75K is the real price target given the conditions and location of this pattern imo
we saw the power of the dragon in my previous post on BTC and since that breakout BTC has not slowed down until now
could this be the breakout BTC needs to reclaim all time highs and never look back?
please not this pattern could break to the downside as well. we are spending a lot of time at these levels and the more time we spend floating here only increases the bears argument of a possible double top. although nothing is indicating (at least to me) that the double top will happen.
keep this pattern in mind in the coming week while watching the price
as always, happy trading
slowly absorbing remaining supply maybe ?
either way we have a couple bullish formations here
you could see an inverse head and shoulders as well as this triangle pattern that im choosing to highlight
even being conservative the pt of this pattern is enough to take us to 69K
75K is the real price target given the conditions and location of this pattern imo
we saw the power of the dragon in my previous post on BTC and since that breakout BTC has not slowed down until now
could this be the breakout BTC needs to reclaim all time highs and never look back?
please not this pattern could break to the downside as well. we are spending a lot of time at these levels and the more time we spend floating here only increases the bears argument of a possible double top. although nothing is indicating (at least to me) that the double top will happen.
keep this pattern in mind in the coming week while watching the price
as always, happy trading
Comment:
also have some divergence on the oscillators as well that i forgot to mention that only adds to the bulls case on the 4h at least