🔥 Bitcoin Bull-Flag Taking Shape: Preparing For 80k!

In this analysis I want to take a closer look at Bitcoin's performance over the last few weeks. My earlier analyses proved to be wrong, so waiting until the market shows us clarity is always a good idea.

Now that BTC has established two higher-lows after the big sell-off on March 5th, we can say with some confidence that BTC is currently trading in a bull-flag pattern like the one on the chart.

Bull-flags classically break bullish, so we're going to place our target at the closest round number of 80k. If you want to change this trade into a longer-term one, change the target to 100k with an even higher R/R.

Comment:

Quickly approaching the top resistance. Prepare for a potential reversal. In case of a bullish break out, I want to see a big candle to confirm the break out.

Comment:

Top resistance hit