Bitcoin’s Bullish Indicators on the Weekly Chart $BTC 😎

Recent analysis of Bitcoin’s weekly chart highlights significant bullish signals. The price is currently forming a bullish flag pattern, suggesting potential for continued upward movement. This pattern consists of a sharp rise (the flagpole) followed by a consolidation phase (the flag) indicating a build-up of momentum for another surge. The projected target is above $120,000.

Additionally a potential bullish divergence on the RSI is forming where the RSI shows higher lows while the price makes lower lows This indicates weakening bearish momentum and potential for a bullish reversal.

Current price: $56,260.

Key points 👇

•Bullish Flag: Indicates continued upward trend.

•RSI Divergence: Suggests weakening bearish momentum.

•Target: Above $120,000.

Stay updated for more insights! 🚀 Like 👍 follow 🎁

Don't be fooled

#CryptoAnalysis #BTC #Bitcoin #Write2Earn!