Bull Flag Bitcoin

1 nov 2022

Bitcoin has retraced a bit from highs around our level at 20.6K. Attempts to break higher have been rejected, and many red triangles on the KRI seem to indicate that 21K is a ceiling. We do appear to be forming a bull flag pattern, which will require some momentum follow through to break out. If not, we are likely to cross the vacuum zone down to support at 19.5K or 19.0K. We expect 18.6K to hold as a floor price.