BTC Aims 70k and Beyond
In my analysis, Bitcoin next movement could break beyond 70k. There has been a range in the daily time frame of bitcoin from 70k - 58k causing it to form a bullish flag pattern. After touching down of recent at $58200, Bitcoin price seem to be headed towards 70k in the next few days or weeks which could see it break the flag pattern trendline causing it to break out to 72k upward. If not, it could be a fakeout on the trendline causing to fall back in price to 56k.
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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.