Bitcoin Weekend Analysis — Getting Ready To Test The Upper Bull Flag Boundary 🚀
Bitcoin is currently consolidating nicely after yesterday's pump. It managed to stay above the 66k level, and the candles on the 4H chart look quite promising.
Moreover, it seems that Bitcoin has already touched the "bottom" of the consolidation and is now gearing up for the real challenge: the upper resistance of the long-term bull flag.
As we discussed yesterday morning, I mentioned that it would be possible for us to see the first test over the weekend. Lately, weekends have been quite bullish, and based on the current momentum, it is likely that we will see a continuation.
However, the question remains if Bitcoins managed to break through the resistance on the first attempt. I expect it will do, but it corrects a couple of candles later (4H chart) before finally pumping through early next week — at least, this is what my glass bowl tells me ;)
Have a great weekend!
