Analysts from independent research and investment consultancy Fairlead Strategies pointed to the bull flag on the Bitcoin (BTC) chart.
In the statement made by Fairlead Strategies analysts, he pointed to a formation on the Bitcoin chart that may excite investors. about 10 days your 30 thousand dollars on consolidated Stating that Bitcoin, which is a bull flag, formed a bull flag, analysts said that this formation with a serious rise implied that it might.
bull flag on a weekly basis to complete the bullish pattern called 31,900 dollars While it was stated that a closure was required on the analysis, the following statements were included in the details of the analysis:
Bitcoin digests its gains in a consolidation phase. A bull flag is forming on the chart and a weekly close above $31,900 could complete this flag.
According to the bull flag formation, if the price can close above the flag, the flag is created. first break expected to rise. Bitcoin in case the current formation works 37 thousand dollars up to the levels an increase of 16% can show performance.
