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Bitcoin May Be Forming a 'Bull Flag' on Price Chart: Technical Analysis

Bitcoin May Be Forming a 'Bull Flag' on Price Chart: Technical Analysis

CoindeskCoindesk2023/07/04 11:26
By:Coindesk

A bullish flag looks to be forming and would be completed on a breakout above $31,900, analysts at Fairlead Strategies said.

Bitcoin's (BTC) recen t price consolidation above $30,000 seems to be taking the shape of a technical analysis pattern called a "bull flag," a pattern that indicates a further rally is likely to be on the cards.

Edited by Sheldon Reback.

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