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BTC/USD: Bullish Flag or Just a Pause?

From dailyforex.com

Bitcoin continues to consolidate overall, as we see a lot of noisy behavior right around the $120,000 level. As the world waits to see whether or not it can find a reason to go higher, this has been somewhat painful trading for those looking for momentum. However, it’s worth noting that the last couple of times that we have done this exact type of action, Bitcoin eventually exploded to the upside, something that I would not be surprised at all to see going forward. The technical analysis for bitcoin is bullish and we are in fact in the middle of a bullish flag, but I also recognize that we could pull back to the 50 ... (full story)

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  • Category: Technical Analysis