Bitcoin

BITCOIN (BTCUSD): Waiting For Breakout

1 635
It appears that ⚠️Bitcoin is gearing up for a bullish trend.

Analyzing the 4H time frame, I spotted a bullish flag pattern and a confrimed breakout of its upper boundary.

The final hurdle for buyers is the resistance level between 105,880 and 106,934 on the 4-hour chart.

A successful break and close above this range would signal a significant bullish indication, potentially leading to a continuation towards at least 111,500.

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.