Attached as always is my daily update on the BTC price.
We had seen a nice breakout from our rising wedge yesterday as expected. Through another bullflag, we have continued to move higher and are consilidating at around $48,500. It could now be that a potential Head and Shoulders Pattern is forming. The important thing here is that we close a 1h candle above the red neckline. The price target would then be around $54,000.
However, my second major resistance is $51,800 first. Here we must absolutely go over it. That would be really 100% very very bullish and we could see an explosive move to our ATh!
Keep this absolutely in the eye!
Remain healthy!
Your Schueco / BTC Moneymaker
P.s.: Do not forget to like and follow, so you no longer miss anything!
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