BTC BULL FLAG BREAKOUT! WHAT'S THE NEXT TARGET?
Hello everyone welcome to this quick BTC update. If you are reading my analysis for the first time then press the follow button first.
Now let's get to the chart. Bitcoin bouncing from the support zone of $47,200. Yesterday it goes below $47k but managed to close above resistance. Now BTC breaks a bullish flag in 4hr timeframe also it breaks the $48500 resistance but still, we have 1hr left for this 4hr candle close. If BTC manages to break and hold above the $48,500 resistance then my next short-term target is $49,500-$50,500.
If the bull flag broke out works perfectly then BTC can reach $52,500 as well. I will keep updating you regarding this. Also, keep in mind that it's the weekend so this pump can be fake as well. For now, just wait and manage your trades accordingly.
What do you think, this bull flag works out perfectly or it's just a fakeout?
If you like this idea then hit the like button and share your views in the comment section.
This is not financial advice. DYOR before investing.
Thank you.
Now let's get to the chart. Bitcoin bouncing from the support zone of $47,200. Yesterday it goes below $47k but managed to close above resistance. Now BTC breaks a bullish flag in 4hr timeframe also it breaks the $48500 resistance but still, we have 1hr left for this 4hr candle close. If BTC manages to break and hold above the $48,500 resistance then my next short-term target is $49,500-$50,500.
If the bull flag broke out works perfectly then BTC can reach $52,500 as well. I will keep updating you regarding this. Also, keep in mind that it's the weekend so this pump can be fake as well. For now, just wait and manage your trades accordingly.
What do you think, this bull flag works out perfectly or it's just a fakeout?
If you like this idea then hit the like button and share your views in the comment section.
This is not financial advice. DYOR before investing.
Thank you.
