BTC Bull Flag holding up so far...
Bitcoin may see another leg higher this week
The current 4h chart setup shows a bull flag in progress.
The odds favor this being a continuation pattern meaning more upside to come.
However, the move isn't confirmed until the price breaks out of the flag pattern to the upside.
Check it out:
(Source: https://twitter.com/TheMoonCarl/status/1601954612776505345/photo/1)
The setup is there but there are no guarantees it plays out like that.
If it does break to the upsides, the measured move points to a price of about $17.6k or so.
So, not a big move, but higher none the less.
The breakout could start as soon as tomorrow...
Upvoted! Thank you for supporting witness @jswit.
Yeah, Bitcoin is gearing up for a good bull market soon. I think February 2023 will be the month it will hit another all-time high. If we’re lucky, this would push through to June like last time did. I wonder if it’s time to cash in my BTC winnings from Brazil World Cup odds winnings. I bet against Brazil so I won a lot. reference: https://aposta10.com/artigos/odds-do-brasil-na-copa-do-mundo-como-apostar
Yeah, Croatia was a beast. Although I had hoped they’d reach the finals again like they did last World Cup. They deserve a trophy after so long. Oh well, hoping Messi gets his World Cup before he retires.