Bitcoin to surprise most with move to $70kBitcoin price action has literally bored market participants into a gelatinous state of perpetual apathy. That’s about to change. Why?
1) Price action and RSI resistance breakouts. See daily chart below.
On the 8hr chart above (using Heikin Ashi candles for cleaner reading):
2) A trend reversal is evident with the first higher low since April 3rd. Green arrow.
3) The flag, you can see it? It is very clear. A breakout is confirmed with a measured extension to $69-70k.
4) Most ideas published on tradingview.com at this moment are “short”. Remember the crowd almost always gets it wrong.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Daily chart