BITCOIN (BTCUSD): Two Important Breakouts! ₿

Hey traders,

Very peculiar situation on BTCUSD chart:
since BTC set a new ATH, the market started a correction cycle.
Bitcoin was steadily falling within a bullish flag pattern.

This morning bulls managed to violate its resistance to the upside with a high momentum bullish candle.
Moreover, the entire weekend the price was stuck within one more tiny little bullish flag.
Its resistance was broken as well.

These two breakouts may lead to a bullish continuation now.

Next resistances:
63500
66600

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Yorum:

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