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FieryTrading
Jun 23, 2023 3:59 PM

🔥 Bitcoin New Yearly Highs: It Was Just A Bull Flag! Long

Bitcoin / TetherUSBinance

Description

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As of a few moments ago, BTC has officially broken through the 31,000 resistance, which was established all the way back in April. This officially brings an end to ~70 days of selling and bad market conditions.

With the Bitcoin dominance in break out mode, this is still just a bitcoin-only party. Let's see how the alts will react. Nevertheless, this is a great time to be in the market.

As explained in my Elliot Waves analysis, I'm currently expecting BTC to see more bullish pressure. Target is the 36.5k - 40k area.

Comments
WalterMoon
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Great analysis buddy, thanks for this chart !
ArmanShabanTrading
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excellent analysis!
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