$BTC Update & Hyblock Heatmaps
Bitcoin taking a small breather during weekend, would interpret this as pennant or bull flag in the making so far.
Usually, continuation is simple and next target is 82k area, but after a move like this, be careful and expect a nasty wick down to low 70s anytime. We should get a retest of the moving averages at some point.
All eyes on the weekly close today, need to close above the MAs and ideally above the 75.6k key level.
Enjoy your Sunday and see you soon!
Bitcoin taking a small breather during weekend, would interpret this as pennant or bull flag in the making so far.
Usually, continuation is simple and next target is 82k area, but after a move like this, be careful and expect a nasty wick down to low 70s anytime. We should get a retest of the moving averages at some point.
All eyes on the weekly close today, need to close above the MAs and ideally above the 75.6k key level.
Enjoy your Sunday and see you soon!