😱🔥Bull signal from the famous analyst: Is it time for Bitcoin?
Popular crypto analyst Mikybull, in a post on the X platform, said that the Bitcoin (BTC) chart indicates a bull run.
The downward progress of the cryptocurrency market in recent days has overwhelmed crypto investors. Many investors have suggested that with the Bitcoin halving, there is no longer a story left and the correction will continue. The fact that BTC's rises are weak and declines are severe has also brought many scenarios to the agenda.
What kind of price movement will BTC, which divides crypto experts into two, exhibit? Crypto expert Mikybull searched for the answer to this question in his post on X. The analyst stated that the formation that appeared in the chart analysis he made indicates a bull run.
Important break for Bitcoin
Mikybull, known for his analysis on cryptocurrencies, has given an important signal to his followers on X. The analyst gave a bullish signal in the chart analysis he created for Bitcoin (BTC).
According to the analyst, #BTC has created a bullish flag on the daily chart. A bullish flag signals the upward momentum and possible volatility for an asset. Does the technical formation highlighted by Mikybull signal the BTC bull after halving?
The analyst suggested that the bullish flag formed on the daily chart of BTC will create more upward momentum and a rise in BTC will occur.
Mikybull, his analysis, “Bitcoin is forming a bullish continuation formation on the daily chart. According to Wyckoff's law of cause and effect, the longer the consolidation, the more explosive the rise will be." he commented as follows.
The fact that spot #Bitcoin ETF data turned negative during this week and BlackRock hosted zero data entries on three of the five trading days of the week had caused unease. Mikybull sprinkled water on the hearts in anticipation of an upward fracture in the midst of such tensions.
The analyst pointed to $ 100,000 as the ultimate target of the bull flag.
