- Bitcoin forms a flag pattern, targeting 83 thousand.. We are now observing a corrective wave that can be considered “simple”.. Margin rates have reached a very high level. There is still a line that makes the flag effective in the crack of correction and sufficiency.
The trend has already broken out and retraced back so I am not too sure if it would have the momentum to still be making a higher price target as part of the flag pattern, it may make those highs based on other patterns but the pennant has already completed.