BTC have further to fall, but to complete massive Bull Flag?
First target = 9112 USD
Second target = 8500 USD
and if that fails, BTC will likely fall to 7230.
And if it finds supports and rebounds at any of these levels, I speculate that there is a chance this final "capitulation" to drop out the "weak-hands" effectively completes the massive bull flag formation, to wind up one final time to propel BTC to fresh new heights.
Need to closely monitor the RSI, Ichimoku cloud, as well as momentum/acceleration oscillators and MA signals (e.g. using the FUSIONGAPS and MAJESTIC-X oscillators) to see how things play out.
See also:
Second target = 8500 USD
and if that fails, BTC will likely fall to 7230.
And if it finds supports and rebounds at any of these levels, I speculate that there is a chance this final "capitulation" to drop out the "weak-hands" effectively completes the massive bull flag formation, to wind up one final time to propel BTC to fresh new heights.
Need to closely monitor the RSI, Ichimoku cloud, as well as momentum/acceleration oscillators and MA signals (e.g. using the FUSIONGAPS and MAJESTIC-X oscillators) to see how things play out.
See also:
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