Bitcoin is currently trading in a very specific zone that resembles a classic bull flag continuation pattern, similar to the one we saw during last year’s rally.
Back then, a slow-forming bull flag broke to the upside, pushed to new all-time highs, and then retested the top of the same flag before continuing higher.
Now, we are witnessing a similar setup, but this time the formation has developed much faster.
The key difference:
While last year’s bull flag took a longer time to mature, the current one is more compressed, indicating a potentially sharper move if confirmed.
The $108K daily level is critical.
As long as Bitcoin remains above this level, the structure favors a new rally.
This could be the start of another impulsive leg, targeting the $128K Area.
Back then, a slow-forming bull flag broke to the upside, pushed to new all-time highs, and then retested the top of the same flag before continuing higher.
Now, we are witnessing a similar setup, but this time the formation has developed much faster.
The key difference:
While last year’s bull flag took a longer time to mature, the current one is more compressed, indicating a potentially sharper move if confirmed.
The $108K daily level is critical.
As long as Bitcoin remains above this level, the structure favors a new rally.
This could be the start of another impulsive leg, targeting the $128K Area.
Trade attivo
Nota
Going well. Retest was successful. Continue.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.