BobLoukas

#Bitcoin Bull Flag on Hourly. $5,200 Short Term Target

BITSTAMP:BTCUSD   Bitcoin
#Bitcoin Bull Flag on Hourly. $5,200 Short Term Target

The breakout of the rising wedge has been confirmed. Bitcoin has negated what normally is a bearish pattern and flipped it into a very bullish development.

We're see a pause here from the breakout, that's normal. This pause is forming as a bull flag that is likely to break higher into another $300 rally to new All time highs.

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