Bitcoin reversal of $ 121,000 has caused another wave of strong emotions in the market. This will lead to Bull Rally, and the main digital assets will be the newest highest than the previous $ 123,000 peak. This also forms multiple strong patterns in the Bitcoin Price chart, giving confidence in the prediction that the new all -time high is on the horizon.
Bull Flags put Bitcoin at the highest highest high.
Madden, an encryption analyst, shared interesting development on the Bitcoin Price chart after the recent rally. This analysis focused on the recent rest of the recent integration of the rally. The analyst also explained the next step of Bitcoin price and its location.
One of the most notable things that happened at this time is that the price can be resumed and separated from the channel to more than $ 117,000. As Madden explained, this re -test and rest are now Possible bulls, And this can refer to an additional price surge.
There is also a fact that blue diagonal lines increase in the previous support, suggesting the lowest point of bitcoin prices. Then, again, the cross of the strength may be on the horizon. This suggests that it will be formed in the MACD-Indicator, which will keep the bears in the market.
Considering all these developments and adding that Bitcoin is now forming a textbook bull flag, the most likely result is that the cryptocurrency is likely to increase the new peak by 10%.
How much BULL Flags can get the BTC price?
Three bull flags are emphasized on the chart, allowing the price of bitcoin to reach the new high after history. The first bull flag is $ 127,500, which is about $ 127,500, informed of the first consecutive trend. When this is established, the other two bull flags work.
The following is the second bull flag of $ 131,500 as the bull continues to dominate the market. And finally, at least, the third bull flag was displayed at $ 136,900, an increase of 10% at the current highest level.
DALL.E’s main image, TradingView.com chart
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