Many days ago Bitcoin begin push bull flag until today. This can be good news for many holder that having bitcoin for investment. Although Bitcoin and many altcoin's past week ago the indicators are all bending down a bit but not yet something we need to worry about right away. As long as we close the 11684 - 12539 on the weekly above, Bitcoin imo bullish for longterm.
Here we see a sideways movement as mentioned last week in an outbreak at the bottom of the triangle that we will see later on the 4h chart. After setting a higer high we can now also say that there is a higher low.
The bear div resistance line has already been broken through by the rsi and lbr at the top. This is often a first indication that the price is going to move upwards. I still have the red div line on the chart as it could become a potential resistance.
I think we can be bullish on Bitcoin. Of course, there is no guarantee that we will actually go that low. On the daily and lower for example, the bullflag can still play. Before that the course could drop to 18.7 - 18.8 where confluence with the previous highs and the ema's are. When the bull flag plays out BTC should be able to go to the 20K where there is also confluence with the bear div trend line.
What do you think we will see in the coming week / month? Do you agree with my opinion? Also If you like this content, following me, so more people see this content and we can make money together.
Lets see what happen in Christmas day will my opinion come true? Please comment your opinion below this article :)