BTC developed a nice bull flag pattern over the past two weeks and ultimately broke out of the pattern just the other day. This is a great learning opportunity as we will keep an eye on this and see what BTC does within the next few weeks.
We can also see that the volume started declining (this is a good thing) as the price consolidated. The volume then shot up and the price broke out of the range... the exact ingredients you want to see with this pattern.
As long as no major news/outside force halts this uptrend, I can see BTC reaching $75,000 area pretty soon...
We can also see that the volume started declining (this is a good thing) as the price consolidated. The volume then shot up and the price broke out of the range... the exact ingredients you want to see with this pattern.
As long as no major news/outside force halts this uptrend, I can see BTC reaching $75,000 area pretty soon...