Bitcoin breaking out and confirming a bull flag, but facing strong resistance at the y
monthly pivot level.
Bitcoin has recently broken out of a bullish flag pattern, which is a continuation pattern indicating a potential upward trend continuation after a brief pause. This breakout has been accompanied by high trading volume, indicating strong bullish sentiment...
The S&P 500 SP:SPX has been on a tear in recent months, but the technical indicators are starting to show signs of weakness. The Relative Strength Index (RSI) is overbought, and the Moving Average Convergence Divergence (MACD) is about to cross below its signal line. These indicators suggest that the market is overbought and due for a correction.
In addition,...
According to our analysis, there is a possibility of Bitcoin testing the $27,000 mark and then experiencing a drop to $22,000. However, the $22,000 level is considered a strong weekly pivot, and it is likely that demand for Bitcoin will be found at this level. If such a scenario plays out, it could potentially initiate a bull run for Bitcoin, with the first leg...
