BTC WILL HIT THE $25173 HIGH AGAIN WITH THESE MARKET CONDITIONS

Jan 28, 2023

Bitcoin is remaining very strong on the bullish market sentiment and following some important setups which are promising for another hit above 25k. Here overall we know that BTC created a double-bottom formation with nice bullish sentiment in play. On the hourly timeframe, we can clearly identify a couple of bullish flags and the first one has already confirmed a bullish breakout which was able to support the price to hit back above 22800. If BTC manages to do another bullish breakout on the second flag formed that could be the trigger to hit the projected target of 25K on the chart. These price levels were spotted with the previous historical price levels and were followed by the price action to create key resistance levels. For the moment I have taken the 4th wave of the current impulsive bullish trend inside the bullish flag formed and waiting to see the 5th to the upside with the expected bullish breakout over the flag identified.

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Jan 28, 2023

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Harmonic Pattern

Jan 28, 2023

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The bull flags in play