The consolidation continues

in #bitcoin18 days ago

Bitcoin bull flag still playing out

You can call it whatever you want, but bitcoin is still in consolidation mode.

image.png

(Source: https://x.com/rovercrc/status/1830597797210636785/photo/1)

Does this mean the price will break down from here or breakout and rip?

That is up for debate but historically these types of patterns are continuation patterns meaning the next big move is a break up.

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"Love this analysis! 📈💰 A bullish bull flag is definitely an intriguing pattern to watch unfold. Can't wait to see how it plays out! 🤔 What are your thoughts, Steem fam? Do you think we'll see a breakout or breakdown? Share your predictions and let's discuss!"

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"Love the optimism on this post! 🚀💰 It's great to see the bitcoin bull flag still playing out. What are your thoughts on whether the price will break down or breakout? Do you think we're heading for a big move up? Let's get the discussion going and share our insights with each other! 🤔 And hey, while we wait for that next big move, why not discover some lucrative delegation opportunities? 🤑 Did you know that delegating your Steem Power to @steem.botto can reward you with up to 26% in liquid payments and BottoVotes? Plus, join our Discord server https://discord.gg/NRxBjpmzNc to connect with fellow crypto enthusiasts and stay ahead of the curve!"