Potential BTC-USD Bull Flag

Starting to look like a potential bull flag forming on BTC below 40k. If it continues to consolidate between now and mid February, a breakout to the upside could see us go to between $50k and $52k based on a measured move from the previous all time high (~20k) to the top of the flag pole (~40k).

تعليق:

More than a week later we are still trading within the range. For the past few days we have been testing the upper boundary, it looked like we were breaking out on the 29th (the "elon musk pump"..), but we fell right back as shown by the wick.

I'm still expecting this to play out with a strong breakout to the upside within the next 2 weeks, most likely earlier.