The current market sentiment appears to be shifting in favor of a bullish trend for Bitcoin. Notably, the cryptocurrency remains within the confines of a bullish flag pattern that began in March 2024. Despite this, bearish momentum seems to be waning, suggesting that a reversal may be imminent.
We anticipate a potential breakout to the upside in the near term, with a clear bullish trend resumption likely to occur in the coming weeks. Further updates will be provided as the situation develops. Investors are advised to remain vigilant and prepared for potential market volatility.
We anticipate a potential breakout to the upside in the near term, with a clear bullish trend resumption likely to occur in the coming weeks. Further updates will be provided as the situation develops. Investors are advised to remain vigilant and prepared for potential market volatility.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.