Bitcoin’s Bull Flag Breakout Suggests More Upside; Support at $57K

Posted on by American Coins & Gold

Bitcoin’s Bull Flag Breakout Suggests More Upside; Support at K
Bitcoin bounced to $66,000 on Monday, partially erasing the losses from last Wednesday. Technical charts signal an impending boost from a bullish continuation pattern.“BTC has broken out of the Flag pattern, and buying momentum is expected to continue,” MintingM, a Mumbai-based crypto asset management company, said in its weekly market report. “Bitcoin could break the six-figure mark in Q4.”A bull flag represents consolidation after a notable uptrend. It’s a pause that usually recharges the bulls’ engines for a continued move higher.Friday’s defense of $62,500 and the subsequent recovery have established another higher low on the daily chart and reinforced the…