Since its a bull flag in the creation on the Weekly, higher chance that it will break to the upside and hit 57K . If it hits and drops from there, it will be considered a double top and hence the drop will be significant and if BTC can't find its support on the 2 monthly supports below.
Marked in the circle is a weekly candle in progress. If it close above the white dashed line, we may see a momentum upwards.
Marked in the circle is a weekly candle in progress. If it close above the white dashed line, we may see a momentum upwards.
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Read the Orange arrow as "Conservative Bullish scenario" instead of "Super Bullish Scenario" .