In the chart we can see a Bull Flag Formation that is created by 2 channels, we have some important support and resistance lines. Bitcoin broke the upper resistance line, it may be going to test the line as a support, but not very likely if we gain momentum in the next hours and days.
Target estimated by the projection of distance from the bottom of the pattern to the top gives uy $74K.
Time estimation is probably lead us to think that April will be the month (mid April) to reach the target. That's two weeks from now.
Lastly, we can also see that Fibonacci Golden Pocket played incredibly well at indicating key support level on $50-51K level
Target estimated by the projection of distance from the bottom of the pattern to the top gives uy $74K.
Time estimation is probably lead us to think that April will be the month (mid April) to reach the target. That's two weeks from now.
Lastly, we can also see that Fibonacci Golden Pocket played incredibly well at indicating key support level on $50-51K level
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