Last week we said that until Bitcoin breaks $71,000, our priority scenario would be to continue trading inside the sideways/bullish flag.
BUT Bitcoin has successfully broken through the sideways/bullish flag upward and is making attempts to consolidate higher.
As we found out in the past 👉Read post, now the main growth driver for the market is approval expectations$ETH ETF + growth of planetary indices with which there is a close correlation.
Therefore, Bitcoin will probably be able to gain a foothold above $71,000 and will begin to update its historical high ✔️
On the chart$BTC Bitcoin has exactly the same pattern that was before the start of growth in ETH:
1️⃣ Sideways trading in the form of a bullish Flag formation
2️⃣ Bullish wedge formed near key support zones
Also, notice how beautifully the indicator on the weekly timeframe bounced off the trend line starting in mid-2022.
🛡 Now Bitcoin has only one resistance left - the historical high at $73,777.
Above that there is already emptiness up to the psychological mark of $100,000!
Let's keep our fingers crossed for fixing above $71,000 at least on the daily timeframe and then we will be able to buckle up before the start of the flight.
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