BTC had a lot of bearish fake outs in the last few days. However, BTC never closed a bearish candle below the current pennant pattern.
Time has run out and the pennant has closed with Bitcoin above in a bullish scenario.
All the dips were quickly bought up by institutions and FOMO in the market.
There was also HUGE bullish news by the feds giving permission to the central banks to use BTC and stable coins as a settlement layer in transactions.
This essentially integrates Bitcoin into the traditional financial systems. Huge. This will help boost BTC to new highs.
Look for $37K in the coming days, circled in yellow on the chart.
Time has run out and the pennant has closed with Bitcoin above in a bullish scenario.
All the dips were quickly bought up by institutions and FOMO in the market.
There was also HUGE bullish news by the feds giving permission to the central banks to use BTC and stable coins as a settlement layer in transactions.
This essentially integrates Bitcoin into the traditional financial systems. Huge. This will help boost BTC to new highs.
Look for $37K in the coming days, circled in yellow on the chart.