BITCOIN Major Bullish Break-out taking place.
Bitcoin (BTCUSD) broke today above the top of the Falling Wedge pattern, which is technically the Bearish Leg of May's Channel Up. If the days closes above it, we will have a repeat of the May 13 Bullish break-out but this time even stronger as the 1D Stoch RSI has formed a Bullish Cross on oversold territory.
As mentioned on our previous analysis, the last Bullish Leg of the Channel Up peaked at +19.50%, so we expect BTC to replicate this. Our Target is 79000.
Feel free to let us know in the comments section below!
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As mentioned on our previous analysis, the last Bullish Leg of the Channel Up peaked at +19.50%, so we expect BTC to replicate this. Our Target is 79000.
Feel free to let us know in the comments section below!
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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