Bitcoin May Be Forming a 'Bull Flag' on Price Chart: Technical Analysis
A bullish flag looks to be forming and would be completed on a breakout above $31,900, analysts at Fairlead Strategies said.
Bitcoin's (BTC) recen t price consolidation above $30,000 seems to be taking the shape of a technical analysis pattern called a "bull flag," a pattern that indicates a further rally is likely to be on the cards.
Edited by Sheldon Reback.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The total turnover of six Hong Kong virtual asset ETFs today was HK$10.774 million.
A whale swapped 50,000 KTA tokens for 320,000 EDEL tokens.
JPMorgan launches its first tokenized money market fund
Trending news
MoreCrypto prices
More
