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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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Bull Flag Appears on Bitcoin (BTC) 🤑
The leading cryptocurrency Bitcoin (BTC) continues to accumulate in the range of $ 29,500 – $ 31,500 for the last 20 days. BTC, which is still not able to break up or down, is trading at critical levels.
These days, when Bitcoin exhibits horizontal movements, it is observed that altcoins are on the rise. Although there has not been a huge rally in altcoins, the recent rises still give investors hope.
Many crypto investors are wondering in which direction Bitcoin will break down in the coming days. Although it is not possible to predict this breakout, technical and fundamental data indicate that a new uptrend may come.
The leading cryptocurrency Bitcoin (BTC) seems to be forming a big bull flag at the moment. The upside break of this flag can ignite new rises in the industry.
According to the bull flag formation, BTC, which is expected to experience a rise as much as a flagpole, can target 37 thousand dollars if it exceeds 31,500 dollars.
Bitcoin, which has had a very difficult 2022 year, is slowly healing its wounds. The rise of Bitcoin to the level of 37 thousand dollars will ensure the complete dissolution of the dark clouds in the industry.
If Bitcoin sags below $29,500, it can bring sharp drops in BTC. In such a scenario, we can follow the $28,000 level.
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