Bitcoin: Bull Flag Breakout Confirmed on Daily
Bitcoin breaks daily bull flag resistance targeting $104k as RSI trendline confirms momentum at $81357 price with bullish EMA structure intact.
SourceAnalysis
Bitcoin closed above daily bull flag resistance, confirming the breakout structure with a measured move target at $104k.
The RSI breakout from its descending trendline alongside price action validates continuation strength, aligning with historical BTC price prediction patterns from the past year where similar flag resolutions delivered outsized gains.
On the 4h chart, BTC trades at $81357.48 testing upper Bollinger resistance at $81341.94 while RSI(14) sits at 77.37 in overbought territory and MACD holds a golden cross at 955.3; with EMA50 support anchored at $77773.49, a measured pullback to that level before resumption toward the $104k objective appears the highest-probability path.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.
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