Bitcoin Weekend Update 🧵

After its massive pump on Friday, Bitcoin entered a nice uptrend channel on the lower timeframe. In this channel, Bitcoin has been constantly making higher highs and higher lows on Saturday and Sunday.

However, as discussed several times, the real challenge sits at the upper boundary of the bull flag (~67.8k).

Weekends are good for surprises and, therefore, hard to predict. Therefore, seeing another pump when the U.S. wakes up, and a first test of the bull flag trend line wouldn't surprise me.

If not, I expect a continuation of the current pattern and a bullish start to the week.

With the upcoming ETH ETF launch, we should have enough momentum to smash the upper resistance.

Wishing you all a fantastic Sunday!

$BTC #bitcoin☀️