Bitcoin Price Eyes New Highs: Bull Flag Pattern Hints at Breakout

Bitcoin recently flipped a major resistance level at around $60,000 into support. This signals growing bullishness among the investors as well as the analysts. Such transformations are usually considered as potential starting points for shifts in the upward trend and the beginning of further variations of the price. This was pointed out by Rekt Capital, […]

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Bitcoin Price Eyes New Highs: Bull Flag Pattern Hints at Breakout

  • Bitcoin shifts $60K resistance to strong support, signaling a bullish trend.
  • Re-accumulation and Bull Flag suggest Bitcoin’s potential rally continuation.
  • Historical patterns forecast rising Bitcoin prices post-halving cycle.

Bitcoin recently flipped a major resistance level at around $60,000 into support. This signals growing bullishness among the investors as well as the analysts. Such transformations are usually considered as potential starting points for shifts in the upward trend and the beginning of further variations of the price.

This was pointed out by Rekt Capital, a crypto analyst who pointed out that Bitcoin is now forming a re-accumulation range at these levels. This pattern resembles a Bull Flag, which is a pattern that is often seen in continuation of the uptrend. This development follows Bitcoin’s steady recovery from previous lows.

The post Bitcoin Price Eyes New Highs: Bull Flag Pattern Hints at Breakout appeared first on Coin Edition.