Based on the flag breakout price projection, we observe the following trend:
Oct 2023 - March 2024: Formation of the flagpole
March 2024 - Oct 2024: Development of the flag pattern, with a retracement to the Fibonacci levels of 0.50 - 0.618
With the flag breakout anticipated by the end of Oct 2024, our projections are as follows:
Fibonacci target: $100,042
Flag breakout projection: $110,353
This suggests the next target range for Bitcoin could lie between $100,000 and $110,000.
Oct 2023 - March 2024: Formation of the flagpole
March 2024 - Oct 2024: Development of the flag pattern, with a retracement to the Fibonacci levels of 0.50 - 0.618
With the flag breakout anticipated by the end of Oct 2024, our projections are as follows:
Fibonacci target: $100,042
Flag breakout projection: $110,353
This suggests the next target range for Bitcoin could lie between $100,000 and $110,000.
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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.
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.