Bitcoin should breakout on Monday. The $BTC price is holding just under $69,000, and a break either up or down is about to take place. With an upward trend still intact since the beginning of May, perhaps the bulls will have the greater say in the ultimate price direction.
Breakout approaching
Source: Coingecko/TradingView
In the short time frame of the 4-hourly, $BTC is within a triangle and has almost reached the furthest point. A decision should be made on Monday whether the price will break to the upside or the downside. Given that the trend is up, a breakout in that direction is probably more likely. Although a fake out to the downside could happen first.
Upside momentum soon to return
Source: Coingecko/TradingView
Moving to the daily time frame, it’s debatable how the bull flag is drawn. That said, both bull flags show a breakout, and the price is consolidating above the two versions. After the last week of downward and sideways price action, it might be expected t
We współpracy z: https://cryptodaily.co.uk/2024/05/bitcoin-btc-breakout-starts-here
