Bull Flag

Bitcoin

Rekt

Coin

<ul class="news-points">
 <li>Bitcoin shifts $60K resistance to strong support, signaling a bullish trend.</li>
 <li>Re-accumulation and Bull Flag suggest Bitcoin’s potential rally continuation.</li>
 <li>Historical patterns forecast rising Bitcoin prices post-halving cycle.</li>
</ul>
Bitcoin recently flipped a major resistance level at around $60,000 into support. This signals growing bullishness among the investors as well as the analysts. Such transformations are usually considered as potential starting points for shifts in the upward trend and the beginning of further variations of the price.
This was pointed out by <a href="https://x.com/rektcapital/status/1799877382859567104" target="_blank" rel="noopener noreferrer nofollow">Rekt Capital</a>, a crypto analyst who pointed out that Bitcoin is now forming a re-accumulation range at these levels. This pattern resembles a Bull Flag, which is a pattern that is often seen in continuation of the uptrend. This development follows Bitcoin’s steady recovery from previous lows.
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 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> Bitcoin has performed a historic technical feat in turning a major area of old resistance into new major support Bitcoin has since developed a Re-Accumulation Range at these highs which resembles a Bull Flag trend continuation pattern<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://t.co/mPcmqOGCe6" target="_blank" rel="noopener noreferrer nofollow">https://t.co/mPcmqOGCe6</a> <a href="https://t.co/tyQqhS3oyQ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/tyQqhS3oyQ</a>— …
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The post <a href="https://coinedition.com/bitcoin-price-eyes-new-highs-bull-flag-pattern-hints-at-breakout/" rel="noopener noreferrer nofollow">Bitcoin Price Eyes New Highs: Bull Flag Pattern Hints at Breakout</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Price Eyes New Highs: Bull Flag Pattern Hints at Breakout

Coin Edition

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