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BTC | Bitcoin Bullish Flag Indicating Further Upside
Yesterday we saw BTC breaking out of the falling wedge everyone was talking about. Now Bitcoin is trading slightly below the upper edge of what I consider to be the next bigger falling wedge, which I indicated in this post a couple of days ago: 
If we zoom in on the 1HTF, we can see a bull flag in the making, which - if this plays out the way it should be - will lead to a breakout attempt of the bigger falling wedge. A first target would be the area around 40.4K
Please remember, once BTC moves above 40K, it enters a zone, which historically has shown a lot of sell pressure within the last months.
Let's see how this plays out.
Thanks for your support.
Have a good one.
If we zoom in on the 1HTF, we can see a bull flag in the making, which - if this plays out the way it should be - will lead to a breakout attempt of the bigger falling wedge. A first target would be the area around 40.4K
Please remember, once BTC moves above 40K, it enters a zone, which historically has shown a lot of sell pressure within the last months.
Let's see how this plays out.
Thanks for your support.
Have a good one.
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