Let's start with the parallel channel formed since Jan 2022 (Red parallel channel). BTC has been moving within this channel till now. Important to notice is the Orange downtrend line breakout (orange circle) and then retest at the trendline yesterday (7/04/2022). Next, notice the short term bullish flag forming (blue bullish flag). BTC showed some bullish momentum when it made the 2nd bottom touch in the bull flag, retested the trendline and bounced back up.
If BTC maintains the momentum and can break out of the short term bullish flag, Major resistance at 48k and then the parallel channel we can see a massive pump towards 56-58k. Watch out for the massive resistance and pullback if we reach there.
This is not financial advice please DYOR
If BTC maintains the momentum and can break out of the short term bullish flag, Major resistance at 48k and then the parallel channel we can see a massive pump towards 56-58k. Watch out for the massive resistance and pullback if we reach there.
This is not financial advice please DYOR