Bitcoin's bull flag

1 août 2022

Bitcoin had an impressive active sequence in July as it managed to get out of the recent channel. After a few inside days, the chart is getting tight once again. The longer it holds above $22.400, the higher the probability we will see a rally to the next resistance area around $26.500. Buying dips and selling rips will continue to work as long as the overall equity market does not fall apart in August.