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Bitcoin seeing Bull Flag break out

jondoe - 2024-07-19 19:08:30

This was the likely play all along…


Bitcoin resolving to the upside, as expected.


It had been putting in a bull flag on the 4 hour chart which just resolved to the upside:


image.png


(Source: https://x.com/Ashcryptoreal/status/1814353257659294101/photo/1)


This likely means it keeps going for a few more days here at the least.


We still have Mt. Gox distributions looming so this may be the last surge before a dip, but the setup looks just fine.