dennisdaiber

BTC/USD bull flag

Long
BITSTAMP:BTCUSD   Bitcoin
Breaking above 200-day moving average saved bitcoin price from entering a bear market and it is now re-testing $9000 level, where the support line lies. The massive break to the upside was followed by 12% correction forms a bullish flag pattern on a daily chart. If this is the case, then the next target would be at $11900.

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