Bitcoin
Long

Bitcoin Bullish Flag Breakout Formation

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Bitcoin Bullish Flag Breakout Setup

The chart displays a bullish flag pattern forming after a strong prior uptrend. Price has respected the flag boundaries, bouncing off point C, and is now approaching potential breakout territory. If momentum continues, a bullish breakout toward the 112,696 level is likely. The Ichimoku cloud also supports a bullish reversal scenario as price pushes through resistance.

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