THE BULL IS READY TO RUN. Will Bitcoin Bull Flag Confirm This Soon?
On the weekly chart, Bitcoin is in a wide sideway zone. Just breaking this sideway zone by the weekly candle closing above the 68k zone, Bitcoin will confirm the Bull Flag pattern and then Bitcoin price can increase extremely quickly.
This is extremely positive, in the context that Bitcoin price has accumulated here for 32 consecutive weeks. This accumulation period is almost as long as the bottom period of 2022 with 39 weeks.
Accumulating for more than half a year will create a good price base for Bitcoin to grow sustainably in the following months. However, Altcoins may have to wait longer when BTC Dominance (BTC.D) continues to increase and reaches the highest level since April 2024.
BTC.D increases during the time when Bitcoin is increasing, reflecting capital flow into Bitcoin and it takes more time before most altcoins increase in price. This is the time to test your patience. Hold your bag and become a diamond hand!
