Bitcoin (BTC) has broken out of its bull flag and is currently consolidating above $109,000. Is the all-time high next? How high could the king of the cryptocurrencies go?
Bitcoin (BTC) has broken out, has come back to test the breakout, and is now consolidating before the next piece of price action. Could it dip back inside the bull flag? No particular price move can be discarded, and although it makes sense for this upside move to continue, the bulls may run out of steam.
Source: TradingView
The 4-hour chart reveals the $BTC price breakout and the dip back down to confirm it. However, given that most of the shorter term Stochastic RSI momentum indicators are at or near the top of an overbought condition, it may well be that the price bounces along the …
