Bitcoin Technicals

Let’s talk about Bitcoin, which is currently trading around 30,350. It’s currently in a bull flag pattern between 29,000 and 31,000. Until it breaks out of this pattern, it’s challenging to predict Bitcoin’s direction. However, being a bull flag, there’s an increased probability of an upside breakout, potentially reaching the price target at 35,000. On the flip side, if it breaks down below $29,000 and exits the bull flag pattern to the downside, it’s advisable to exercise caution and consider a risk level around $28,000.