BTC price Outlook: Bull Flag Pattern Hints at Potential Breakout Toward $129K
The local format of the corridor is interrupted by a wide, stronger one, based on which one can conclude about a rebound, and it is quite possible that this will happen tomorrow, during the opening of markets and trading
Also on the local BTC chart, this figure forms an incompletely formed "Bullish Flag" pattern, which also indicates growth
Also, this scenario does not contradict my previous analysis, where a global "Head and Shoulders" pattern is emerging on a 5-year time frame
Current price: $114.227
Expected according to the local scenario $123k and the price according to the global "Head and Shoulders" pattern remains within the same limits of $124k or $129k
Low probability of breaking through the $112k level, since this mark is the bottom of the ascending corridor
This analysis is based on the technical pattern [Bull flag] and also incorporates AI to provide more accurate results.
The local format of the corridor is interrupted by a wide, stronger one, based on which one can conclude about a rebound, and it is quite possible that this will happen tomorrow, during the opening of markets and trading
Also on the local BTC chart, this figure forms an incompletely formed "Bullish Flag" pattern, which also indicates growth
Also, this scenario does not contradict my previous analysis, where a global "Head and Shoulders" pattern is emerging on a 5-year time frame
Current price: $114.227
Expected according to the local scenario $123k and the price according to the global "Head and Shoulders" pattern remains within the same limits of $124k or $129k
Low probability of breaking through the $112k level, since this mark is the bottom of the ascending corridor
This analysis is based on the technical pattern [Bull flag] and also incorporates AI to provide more accurate results.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.