BITCOIN - CONSOLIDATION/BULL FLAG?
2025-01-16
Category: None

We could see price fluctuate within the 102,400 - 97,400 range for the remainder of the week. So I watch closely. Early price break out of the upper channel could lead to fake breakout to the previous ATH of 108k but then could retreat back into channel causing panic to buyers. But we wait & see what is likely to happen if price reaches 102k level. Break below 97k level could take us back to Monthly open level of 93k. Bull Flag represents consolidation phase and which I think could last a couple of weeks though overall trend bias remains bullish.