Bitcoin’s Bullish Indicators on the Weekly Chart $BTC 😎
Recent analysis of Bitcoin’s weekly chart highlights significant bullish signals. The price is currently forming a bullish flag pattern, suggesting potential for continued upward movement. This pattern consists of a sharp rise (the flagpole) followed by a consolidation phase (the flag) indicating a build-up of momentum for another surge. The projected target is above $120,000.
Additionally a potential bullish divergence on the RSI is forming where the RSI shows higher lows while the price makes lower lows This indicates weakening bearish momentum and potential for a bullish reversal.
Current price: $56,260.

Key points 👇
•Bullish Flag: Indicates continued upward trend.
•RSI Divergence: Suggests weakening bearish momentum.
•Target: Above $120,000.
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$BTC 62,000 - 63,000

$BTC 1H TF / Price Action 🚀
Bitcoin is showing a slight upward tick, as it surpasses the $68,000 threshold with a modest increase.
The price action is approaching the apex of a converging triangle pattern often indicative of a potential breakout. It's a hint that the market might be consolidating gearing up for the next significant move.
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