bullflag
2024-10-14

The technical analysis of the bullflag for Bitcoin indicates a continuation of the upward trend, with a target of $86,000. After a strong rally, a consolidation pattern (the “flag”) is currently forming, where the price moves within a narrow channel. Once the price breaks above the flag’s resistance with increased volume, the bullish trend is confirmed. The height of the flagpole suggests a significant rise, and Fibonacci extensions point to a price target of $86,000. This breakout signals the start of Bitcoin’s next parabolic move.