Bitcoin is on a steady uptrend since the breakout in late February to this Flag pattern. It held above the Flag for 4 out of last 5 daily closes. Holding at the Top of the Long Term Trend Channel at 70300ish. Looking for a close today above 71400 which should bring some nice green daily candles up to test that that Blue Trend line at above 85k (depends on Time...
Charts says it all. It seems that all retail will sell, Banks and Funds will Buy! If buying was not going on, the price would be dropping out of the flag zone..IMO.
Seems to be Flagging out here. I think many people who bought back in 2021 are selling here with the thought that if it ever gets back to this point they will sell it. All they are selling is getting bought by Wall Street IMO, and that is why the price is flagging, not dropping.
