BTC Chart Analysis - Bullish Bias for next couple of months
Updated
BTC has now filled the weekly fair value gap around the 
48K-
49K range in the first week of August, which was originally formed in February earlier this year. Interestingly, during that same week after 2014, whales accumulated most of the BTC. The weekly closing candle has printed a pin bar candle to the upside, indicating a strong potential for bullish momentum. I believe the consolidation phase is ending, and we could see parabolic upward movement within the next week or so. My first target for the breakout of this weekly bull flag is 100k within the next couple of months. Ideally, we could hit this target before the elections. Let’s see if this analysis plays out or not.
Not financial advice! DYOR
48K-49K range in the first week of August, which was originally formed in February earlier this year. Interestingly, during that same week after 2014, whales accumulated most of the BTC. The weekly closing candle has printed a pin bar candle to the upside, indicating a strong potential for bullish momentum. I believe the consolidation phase is ending, and we could see parabolic upward movement within the next week or so. My first target for the breakout of this weekly bull flag is 100k within the next couple of months. Ideally, we could hit this target before the elections. Let’s see if this analysis plays out or not.Not financial advice! DYOR
Note
Finally it broke out on daily TF. Just waiting for the weekly closing above 68K. I think we should be reaching 100k by the end of this year.
Not a financial advice!
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Trade is active. Patience is the key
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