Abstract:
🐻 Bitcoin is poised to break from a 4-hour bear pennant pattern, signaling a potential move to the $59200 area. 📈 This analysis explores the implications of this breakout, which aligns with the Shibunacci indicator, offering additional confirmation. 🔄
Introduction:
Bitcoin's imminent breakout from a 4-hour bear pennant suggests a shift in market...
I can say a lot about this, but its pretty clear.
I expected a drop to the 53k area.
We did, and made a clear bottom at 53.3k.
Up pressure now, and lets see if we can break the trendline resistance.
Currently that's around 59k .
If we close a 4h candle above that, we can see an ath within the next coming days/weeks.
out,