BTC Quick Update: Bull Flag Breakout in Sight, Targeting $80k!

262
Hey everyone!

If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!

Welcome to this quick BTC Update!

BTC is currently trading around $67.5k and moving within a bull flag structure on the 4-hour time frame. A breakout from this flag is still pending, and there’s a chance we might see a brief drop to 65K on Monday before a breakout occurs.

Once this bull flag breaks, the target is set at $80k.

Entry Range: 65K-$66k
Target: $80k
Invalidation: 4-hour close below 65K

What do you think of BTC’s current price action? Are you seeing this bullish setup as well? Share your analysis in the comments, and let’s ride this wave together!

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.