As we can see in the charts are our previous W pattern breakout to the upside we have a potential huge bullish signal ahead. I have taken all profits at around a 9% profit scaling from $53,150 up to the $58,000 mark. Now we can see more potential for the coming days and weeks ahead with what could be considered a bull flag, in my opinion we can see that if we can breakout of this long term trend line once more and this rising parrrell channel, i have a price target of around the $61800 level!! hopefully the video shows how i can see the potential of this ahead by taking the previous low to the high and also my potential support point had we breakdown and cause the trendline to be resistance meaning the sellers taking control of the market for the immediate short term.
This price target we have for the potential breakout of this bull flag that we have completely coincides with our previous all time high! if we can see this target price level I'm sure we are here to see an all new ATH for bitcoin these coming weeks ahead!
What do we think?
This price target we have for the potential breakout of this bull flag that we have completely coincides with our previous all time high! if we can see this target price level I'm sure we are here to see an all new ATH for bitcoin these coming weeks ahead!
What do we think?