Bitcoin Price Could Reach New Highs Amid Emerging Flag Pole Pattern
- Bitcoin has been trading below $100,000, showing significant volatility.
- A Flag Pole pattern is forming on the Bitcoin price chart, suggesting a bullish trend.
- Analyst Weslad predicts Bitcoin could reach $120,843 in this bull cycle.
- The price faced rejection after a 27% rally from a demand zone between $85,300 and $86,800.
- Current Bitcoin price is approximately $96,142, with a recent decline of 2.25%.
Bitcoin’s recent trading patterns indicate potential for reaching an all-time high of $120,843 if it maintains positive momentum and breaks past key supply zones.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-flag-pole-pattern/?rand=52377
