Bullish consolidation pattern in Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The price of Bitcoin has stopped his upward move and is now in a bullish consolidation pattern. If this bullish flag pattern breaks to the upside (currently by rising significant above ~8770 USD) the continuation of the bull move is very likely. The target remains at the next Fibonacci retracement level at 9440 USD.


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