After breaking out of the bull-flag some hours ago, the BTCUSD pair has formed a bullish pennant and this can be seen on the 1hr timeframe and lower. The target for this pennant, if it breaks to the upside is at 50295. Coincidentally, the 1.618 fib level is at 50688.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.