🔥 Bitcoin Breaking Out! $40,000 Here We Come 🚀
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Bitcoin is currently in the process of breaking out of a bullish flag pattern that has been in the works ever since we hit 35k last week.
If we can get a 4H candle close above 35,250 I'm considering it a successful break out, with a likely continuation of the bull trend.
40k is my target for now, as per my initial bullish break out analysis several days ago.
Keep in mind that we have a FED meeting tonight. The market expects the rates to remain the same, so unless the FED will surprise the market it should be business as usual?
Nevertheless, things are looking better for the bulls!
If we can get a 4H candle close above 35,250 I'm considering it a successful break out, with a likely continuation of the bull trend.
40k is my target for now, as per my initial bullish break out analysis several days ago.
Keep in mind that we have a FED meeting tonight. The market expects the rates to remain the same, so unless the FED will surprise the market it should be business as usual?
Nevertheless, things are looking better for the bulls!
Note
Big rejection from the resistance. Signal is still active.Note
Initial FOMC reaction seems bullish, but it's mainly alts that are pumping. Good news?Note
BREAKOUTNote
Break out didn't last. Although stocks have been seeing big gains today and yesterday, BTC is still failing to keep the trend going. Currently hoping that the resistance (now support) will hold and cause a bounce in the next few hours. A move back into the triangle is definitely bearish.Note
BTC continues to make higher-lows. Bullish. Waiting for break out, should happen soon!Note
Another break out attempt as we speak
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