Phenomenal cryptocurrency analyst and Youtuber Carl From The Moon shared the technical indicator showing the 40 thousand dollar target in the Bitcoin (BTC) price.
The analyst known as Carl From The Moon posted a social media post on Thursday, October 5. in the postformed on Bitcoin’s weekly chart “to the bull flag” he pointed out. If the formation in question gains approval, the price target 40 thousand dollars Stating that he is, the analyst shared his bullish expectation for Bitcoin with his followers:
There is a bull flag formation in Bitcoin on the weekly time frame.
Bitcoin price a few days ago 28 thousand dollars He attracted attention by rising above the world, but he soon experienced 4.5% again with a decrease of around 28 thousand dollars had fallen below. on the other hand To the $27,500 support Bitcoin, which managed to hold on firmly, has increased in the last 24 hours according to CoinGecko data. 1.8% rise exhibited it and painted a positive picture.
According to the bull flag formation, if the price can close above the flag, the flag creator first break It is expected to increase by . Bitcoin if the current formation works 40 thousand dollars up to levels A 43% increase can show performance.
According to CoinGecko data, Bitcoin, at the time of writing from $27,960 is being traded.
