Bitcoin (BTCUSD): dip was bought, but no green light yet
Following up on our previous update, the market found support at the anticipated level, resulting in a double dip, and subsequently rebounded.
From a technical perspective, we remain within the confines of the long-term bullish flag pattern.
A break above the 70k level would confirm the end of this pattern and potentially trigger a new leg up.
Meanwhile, near-term support is expected to be found around the 66k level, IF we get there.
To be continued..
From a technical perspective, we remain within the confines of the long-term bullish flag pattern.
A break above the 70k level would confirm the end of this pattern and potentially trigger a new leg up.
Meanwhile, near-term support is expected to be found around the 66k level, IF we get there.
To be continued..
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