Hello folks, one more day! I hope you could read my post from yesterday since we reached EXACTLY the marked shopping area, congratulations if someone joined me in this shopping area :D!
Below we can see the analysis that we marked yesterday, and how the price has touched our marked area.
Yesterday we wondered if we would have a correction at $ 57.5k, where we flatly clarify our bullish position and that a strong correction is not yet to come. If it is true that they were areas of important resistance, and the price continued to make lower minimums and maximums continuously, so it is logical that we reached the marked buy zone.
As we can see right now, the price is breaking highs and forming new ATHs. We are obviously maintaining our bullish stance and we will not sell a single bitcoin yet :).
What can we expect?
Okay, now looking at a larger zoom, we can see how we are forming a bullish pattern or flag. In my opinion, bitcoin will be fighting between the prices inside the bathtub that you can see below, until it decides to leave, on one side or another. In my opinion, as I have said repeatedly, we remain bullish and this would give us the target price that we marked on the $ 64k chart. On the contrary, if we break the triangle to the downside, it is possible that the price will fall, looking again for the support zone that we marked yesterday (55-56k would be the first).
News
We still do not have important news that could impact the price of bitcoin such as the purchase of MicroStrategy or other companies / institutions. The news of the day speaks mostly of Musk trolling Peter Schiff for the price of bitcoin and ethereum, mockingly referring to its high.
I hope that one more day you have liked what I commented on the blog, and we hope that our objectives are met :). There is nothing I would be more excited about than being able to help people earn some income.
See you in the next price analysis!
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