$BTC ALERT 🚨🚨🚨 BTC IS FORMING A BULL FLAG ON HOURLY CHART
So far BTC is going as I analysed it. I did say that BTC will stop after touching 70K for a few days, which is being true so far. Currently BTC is forming a bull flag pattern on the hourly candle. Market is bullish so it is more likely that we will see a breakout of this pattern soon.
If it breaks out in the next 24 Hours we are likely going to see BTC reach back to the previous high at around 74-73K before trying to set a new ATH(According to my analysis ) Currently the major resistance levels for BTC are
1:71700
2:73-74K
Breakout of this pattern should reach 73-74K without stopping however in worst case scenario it might halt at 71700. If you would be trading at this breakout then your TP 1 should be the first resistance and TP2 should be second resistance and you can save some BTC if BTC does goes straight to a new ATH in the best case scenario. SL should be below 68500 (If you take the trade after the breakout not right now) Always wait for some sort of confirmation before taking a trade .
Expected price range for this week is aroun 68-74K. Best case scenario : 75K+. Worst case scenario: below 67K. Good luck with your races and take care ♥️ (This is my analysis only always DYOR and wait for confirmation )
