TradingZzone

Bitcoin still moving in a Bear Flag

Short
BITSTAMP:BTCUSD   Bitcoin
As you can see in my chart, Bitcoin still moving in a bear flag.

I don't think Bitcoin is ready for a new Bull Run... not gonna happen so fast imo. Anyway if you want to know the next step of Bitcoin you should follow $SPY and $QQQ because they lead the Bitcoin and the entire crypto market for now.

Monthly and Weekly candle will close today so I expect some manipulation pump (Bull Trap) as happened last month.

That Bull trap could hit $28k then we might see a new dip to $12k~ which is high demand and support zone.

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