Bitcoin / TetherUS
Long

🔥 Bitcoin Bull Flag Break Out: Bullish Weekend Ahead

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Yesterday I made an analysis on Bitcoin. Here I argued that Bitcoin was facing resistance at the $48.5k resistance, which caused the bullish move to stop and BTC reversed back to the break out zone.

🔥 Bitcoin Facing Resistance


This break out zone was the main indication for me whether we'd go up or down in the short term.

As seen on the chart, the $47k support offered enough support for the price to reverse sharply and even break through the $48.5k resistance. This is very good news.

My target for the weekend is $50k.

Happy trading!

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