Bitcoin Forms Bull Flag Pattern near Major Resistance Level

2 Jul 2023

Under the hourly timeframe, Bitcoin has recently formed a bull flag pattern, resulting in a neutral price action. The price is notably adhering to the daily resistance level, which serves as a significant sell signal for Bitcoin until a bullish breakout confirmation occurs. If the price successfully confirms a bullish breakout above the highlighted resistance, it is likely that Bitcoin's price will ascend above 32k.