Good day fellow traders!
This time not really a prediction. More like, what needs to happen if want to see BTCUSD breakout to 70k region. Short term it's looking bearish. However, since we're still in a bull market. If this forecasting actually enfolds, then BTCUSD might evolve into a bull flag pattern. We can certainly hope. At least I do. My current target is still 250K BTCUSD this year(Q3/Q4).
If this is the current top. "Hopefully" it will retest and find support at approximately 48.7K USD region, crating a higher low and a symmetrical triangle pattern. Then breaking out to the upside. This is the bullish scenario. The bearish scenario should be self explanatory.
Be careful, good luck and may the trend gods be with you!
This time not really a prediction. More like, what needs to happen if want to see BTCUSD breakout to 70k region. Short term it's looking bearish. However, since we're still in a bull market. If this forecasting actually enfolds, then BTCUSD might evolve into a bull flag pattern. We can certainly hope. At least I do. My current target is still 250K BTCUSD this year(Q3/Q4).
If this is the current top. "Hopefully" it will retest and find support at approximately 48.7K USD region, crating a higher low and a symmetrical triangle pattern. Then breaking out to the upside. This is the bullish scenario. The bearish scenario should be self explanatory.
Be careful, good luck and may the trend gods be with you!
Comment:
Looks like its about to break out already!!
