Bitcoin Bull Flag Breakout Incoming – $88k Target!!
2024-10-17

Bitcoin Bull Flag Breakout Incoming –  FWB:88K  Target!!

Bitcoin is forming a bull flag pattern on the daily chart,  hinting at a potential breakout that could propel the price towards $88,000. Currently trading at $67,667, Bitcoin is testing the upper boundary of the flag,  with multiple rejections seen in previous attempts to break out.      This consolidation within a descending channel,  following a strong upward trend, suggests a bullish continuation if the breakout is confirmed.

If Bitcoin successfully breaches the flag’s resistance,  the measured move from the prior leg indicates a target of 88k.      Bull flags are known for signaling a continuation  of the prevailing trend, and with Bitcoin’s bullish momentum intact,  a breakout could lead to a significant surge.      Traders should watch for a clean break above the upper trendline as a  confirmation of this setup.

Wish us luck