relytrade

BTC move for the next few weeks

INDEX:BTCUSD   Bitcoin
Looks to me that BTC is forming a bull flag, works in 4H as well as daily. Should go down first as there is still a CME Gap to finish filling, and still many long to clean up. It should then start to go up at the time of halving day before consolidating around the previous ATH, and we should next be good to continue up.

Funding rate are currently low, so it's a healthy and needed correction.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.