BTC is bullish in H4 according to Ichimoku confirmation:
Ichimoku: Price is above Tenkan Sen, Kijun sen, meaning bullish in short and midterm. Price is below Senkou Span B, meaning bearish in longterm Chico Span is above the candles, meaning bullish momentum
As for direction: Flat Kumo and Kijun Sen. No direction in mid and long term.
Pattern: There is a Bullflag forming. After a uptrend price is consolidating in a horizontal range (flag). Measurements give a upside target: 51772 and downside: 44150
Wave Analysis: After hitting the bottom. Price formed a higher low. If price breaks the range to the upside, then a bullish N-wave is formed and we can expect continuation to the upside.
Comment
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BTC is breaking out on H4. I redraw the bullflag. It looks like the flag is more a descending range. That gives new targets: upside: 50918 downside: 43370
It also has confluence with Fib extension 0.786 level.