In my opinion Bitcoin is forming a bull flag. This is a bullish pattern. As with any price pattern, bull flags aren't guaranteed to brekaout as expected. But if BTC successfully breakout this bull flag, then the price target is around 85K! But in my opinion we can see before the breakout that BTC comes all the way to 56K, bounces off the support line and then breaks the bull flag. We'll see .
Comment:
Bitcoin successfully breakout the bull flag . We may or may not see another retest of support line. Anyway the price target is around 85K. Bull run is definitely not over yet!